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    ALFI NewsFlash april 18, 2012    
          in this edition      
    1. Headlines
2. ALFI past events
3. ALFI events
4. Other events
5. LFF events
     
 
 

1.

Headlines

ALFI UCITS IV implementation project – Issue 13 of KID Q&A Document

ALFI’s Key Investor Information Document (KID) working group has published issue 13 of ALFI’s Q&A Document with questions and proposed answers about KID implementation. This edition includes until further notice the last updates that have been discussed by the members of the group. Changes compared to the previous issue are shown in mark-up.

ALFI thanks its members for their valuable contribution over the past two years.

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ALFI comments on the Discussion Paper on Draft Regulatory Technical Standards on risk mitigation techniques for OTC derivatives

ALFI welcomes the ESMA / EBA / EIOPA discussion paper – Draft Regulatory Technical Standards on risk mitigation techniques for OTC derivatives not cleared by a CCP under the Regulation on OTC derivatives, CCPs and Trade Repositories. Regarding these Draft Regulatory Technical Standards, the ALFI EMIR and OTC Derivatives Working Group has analyzed the document and has the following comments. The Working Group decided not to answer to all the questions raised in this document however to transmit a few general elements or remarks.

ALFI’s response.

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ALFI’s response to the Consultation concerning ESMA guidelines on ETFs and other UCITS issues (ESMA/2012/44)

On 30th March ALFI responded to Consultation concerning ESMA guidelines on ETFs and other UCITS issues.

Read more.

ALFI's response.

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ALFI’s response to ESMA discussion paper « Key concepts of the Alternative Investment Fund Managers Directive and types of AIFM

On 23rd March ALFI responded to ESMA discussion paper on Key concepts of the AIFMD and types of AIFM.

ALFI's response.

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ALFI comments on the ESMA Discussion Paper

ALFI welcomes the ESMA discussion paper – Draft Technical Standards for the Regulation on OTC Derivatives, CCPs and Trade Repositories as very positive and fully supports the initiatives aimed at enhancing safety and transparency in the over-the-counter derivatives market.


Regarding these Draft Technical Standards, the ALFI EMIR and OTC Derivatives working Group has analyzed the document and has some more specific comments. The Group decided not to answer to all the questions raised in this document however, only to a selection of questions that are developed in the ALFI position paper and that appear to be more relevant for the fund’s industry.

ALFI's response.

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ALFI response to ESMA’s consultation paper on MiFID suitability requirements

On 24th February 2012 ALFI responded to ESMA’s consultation paper on the guidelines on certain aspects of the MiFID suitability requirements.

ALFI's response.

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ALFI response to ESMA’s consultation paper on compliance function requirements

On 24th February 2012 ALFI responded to ESMA’s consultation paper on the guidelines on certain aspects of the MiFID Compliance function requirements.

ALFI's response.

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ESMA: Questions and answers regarding the Transparency Directive

ESMA is pleased to announce that the following update has been made on the ESMA website: Questions and answers regarding the Transparency Directive.

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Express, the ALFI podcast: The challenges facing the asset management industry by Claude Kremer, EFAMA

Episode 21: The challenges facing the asset management industry by Claude Kremer, EFAMA.

ALFI speaks to Mr Claude Kremer, President of European Fund and Asset Management Association (EFAMA), about the main priorities, challenges and pressures facing the EFAMA.

View ALFI’s podcasts and other videos also on ALFI Youtube channel!

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LFF Mediawatch

Please find attached the new LFF Mediawatch, covering the period from 1-31 March, 2012.
 
In this issue:

  • London most competitive financial centre in the world, Luxembourg is moving up significantly in the ranks
  • Luxembourg eyes vast market in Turkey
  • Luxembourg launches a 10-year bond with 1 bn € transaction and paying a coupon of 2.25%
     

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2.

ALFI past events

29 March 2012: ALFI Leading Edge Conference no.5: Impact of the AIFMD on Private Equity

ALFI’s 5th edition of the Leading Edge Conferences, featured the first of a special series of Leading Edge Conferences that put the spotlight on each of  three alternative asset classes, Private Equity, Real Estate and Hedge Funds and how they will be impacted by the AIFMD. It was entirely dedicated to the private equity arena and attracted more than 120 attendees. The conference combined thorough legal and regulatory analysis, highly topical market research and practical insights; it also provided a perfect platform for all industry stakeholders willing to align their private equity strategies with leading-edge industry developments.

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3.

ALFI events

ALFI confirmed events

ALFI events calendar

ALFI endorsed event calendar

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20 April 2012: ALFI member breakfast meeting; KIID Publication and Dissemination Challenges

8.30 am -10.30 am at the Luxembourg Chamber of Commerce, Kirchberg

KIID currently is a major preoccupation within the asset management community. It is not just about plain language and translation of documents into various official languages of European Member States.


•    What is the regulation governing KIID delivery to investors?
•    What are the duties of the Asset Manager and Management Company as regards KIID production and delivery?
•    What are the challenges of the KIID for Transfer Agents?
•    How to receive KIIDs and to provide them to investors, from the point of view of the distributor/intermediary?
•    What solutions exist to assure compliance with applicable regulations?

These questions will be debated in a panel discussion moderated by Emmanuel Bégat, Managing Partner, Ebsylon, with the participation of:
François-Kim Hugé, Director, Deloitte Tax & Consulting
Mario Mantrisi, Member of the Executive Board, KNEIP COMMUNICATION S.A.
Pierre Mottion, Global Head of Transfer Agent and Funds Distribution Product, BNP Paribas Services Bank, Luxembourg Branch
Grégory Surply, Head of Legal, Franklin Templeton Investments
 

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New Series of ALFI Leading Edge Conferences

ALFI is hosting a series of three Leading Edge Conferences focused on the AIFM Directive and the impact on the three alternative fund categories.

2nd conference - 3rd May -  impact on Real Estate Funds - in association with INREV
Draft programme coming soon! Click here!
Open for sponsorship  - click here!
Registration fee from only €250 - click here - Early bird deadline 6th April!

3rd conference - 3rd July - impact on Hedge Funds - in association with AIMA
Draft programme coming soon! Click here!
Open for sponsorship - deadline 8th May - click here!
Registration fee from only €250 - open soon - click here! - Early bird deadline 4th June!
 

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10 May 2012: ALFI Responsible Investing Conference - making a difference

Two conferences formerly known as the ALFI MicroFinance Conference and the ALFI Sustainable & Responsible Investment Conference have joined forces to create this new one day event that will take place at the Luxembourg Chamber of Commerce, Kirchberg, Luxembourg.

Programme online! Click here.

Registration - click here.

Sponsorship - click here.

For all other information click here.
 

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23 May 2012: ALFI Conference London

Savoy Place (IET), No.2 Savoy Place, WC2R 0BL

Programme: click here.  

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13-15 June 2012: ALFI Roadshow to the US (Boston & New York)

Programme and registration details coming soon!
 

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18-19 September 2012: ALFI Global Distribution Conference: open for sponsorship!

Click here for the sponsorship and exhibition opportunities.

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4.

Other events

23-25 April 2012: Financial seminar in Berlin

The agency Luxembourg For Finance, in cooperation with Bankenverband, is pleased to invite you to its financial seminar in Berlin on 24th April 2012.

Invitation letter.

Registration form.

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25 April 2012: The Institute for Global Financial Integrity: Islamic finance: Ethics and Integrity

The Institute for Global Financial Integrity takes pleasure in informing you that Hüseyin Erkan, Former Chairman and CEO of the Istanbul Stock Exchange will speak on "Islamic finance: Ethics and Integrity" at the Twenty-first Luxembourg Monthly Finance Lunch on Wednesday, 25th of April 2012 at the Cercle Munster, Luxembourg.

Read more.

Please click here to register.
 

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26 April 2012: Midi de l'ALJB - Les missions de la Banque Européenne d'Investissement à travers la crise

The Banking Jurist Association in Luxembourg is pleased to invite you to its next "Midi de l'ALJB" debate session entitled "Les missions de la Banque Européenne d'Investissement à travers la crise" on 26th April 2012.

Invitation letter.

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26 April 2012: Symposium of Luxembourg School of Finance Association

The Luxembourg School of Finance Association is pleased to invite to its symposium “Alternative Investments Hot Topics” on Thursday, 26th of April 2012 from 6.30 pm to 9.00 pm.

Invitation.

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14 May & 15 May 2012: Invitation to "Journées d'Opportunités d'Affaires"

The Chamber of Commerce of the Grand Duchy of Luxembourg is pleased to invite you to its upcoming "Journées d’Opportunités d’Affaires" dedicated to Austria & Switzerland on 14th May 2012 and Spain & Portugal on 15th May 2012.

Invitation letter.

Registration form.

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5.

LFF events

22 May 2012: Financial seminar in London

The Agency Luxembourg for Finance, in cooperation with the City of London, is pleased to invite you to its financial seminar in London on 22th May 2012.

Invitation letter.

Registration form.

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