Management company delegation oversight

In today's world, management companies often rely on third parties for their day-to-day activities.

The CSSF circular 18/698 highlights the regulator's expectations for these companies to have effective delegation. However, the implementation of such oversight remains a challenge for many management companies.

In this context, PwC’s Academy has developed a training programme that equips participants with the right level of knowledge, along with a set of tools and techniques. This will enable them to quickly get up to speed and ensure compliance with regulatory requirements.

Using practical examples, this training has been designed to facilitate direct implementation for most of the participants' management company's delegations.

By the end of this course, participants will be able to:

• understand the functions which can or cannot be delegated;
• understand the essential elements of the delegation oversight framework;
• understand practical aspects of the delegation oversight for certain functions: portfolio management, distribution, central administration, risk management, compliance, internal audit, information technology and corporate accounting.

• Functions which can be delegated or not
• Essential elements of the delegation oversight framework
• Practical aspects of the delegation oversight for:
  • portfolio management, distribution
  • central administration
  • risk management
  • compliance
  • internal audit
  • information technology
  • corporate accounting

This training is coordinated by Xavier Balthazar, Partner at PwC Luxembourg.

Xavier, Partner in charge of Regulatory Advisory, possesses substantial expertise in financial sector and funds’ regulations. He participated to many setups and restructurings of investments funds, management companies and professionals of the financial sector in Luxembourg and abroad. This includes defining their organisational structure, processes and procedures. He also serves as a regulatory compliance expert for depositary banks and fund administrations.