Management company delegation oversight

• ManCo/AIFM conducting officers/directors
• ManCo/AIFM board members
• ManCo/AIFM oversight officers

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 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 Anthony Bianco, Partner and Claudia Tripodo, Director at PwC Luxembourg.

• Anthony is a partner at PwC Luxembourg, co-leading Internal Audit and Regulatory Advisory services for Financial Sector clients, including Asset Management and Banks. With over 18 years of experience in internal and external audit, he holds a Certified Internal Auditor (CIA) qualification. Anthony oversees numerous compliance and regulatory advisory projects within the Asset Management and Alternatives industries, focusing on CSSF inspection preparation, licensing processes, compliance methodologies, and policy development. His expertise spans Internal Audit, Asset Management, Regulatory Compliance, and AML/CFT/KYC, with notable client projects involving management companies, alternative investment fund managers, specialised PFS, fund administrators, registrar agents, and depositary banks.
• Claudia is a director in the Regulatory Compliance Advisory Department at PwC Luxembourg, with over six years of experience in the asset and wealth management industry. She specialises in fund set-up, regulatory maintenance, restructuring projects, licensing of financial sector professionals and management companies, and reviewing management company activities to ensure compliance with regulatory requirements. Her responsibilities include drafting and reviewing fund documentation, management policies, and CSSF intermediation, as well as conducting gap analyses and remediation plans for new laws and regulations. Claudia has led key projects involving UCITS and alternative investment funds, sustainable finance, regulatory updates, and has delivered internal and external training sessions.