Target2-Securities (T2S) will have a significant impact on the European securities industry and will also change the way the fund industry operates. The ALFI T2S working group produced this Q&A to assist the industry professionals in understanding the implications of T2S for funds and how they can capitalise on the infrastructure in their organisation.
It is a regulatory requirement that the board of a Fund, the Management Company or the Alternative Investment Fund Manager (AIFM) remain responsible for the activities delegated to third parties and the need to oversee their activities and performance. With a view to simplify and facilitate initial and ongoing due diligence reviews, an ALFI working group under the aegis of the ALFI Fund Governance Forum was created to consider whether the different approaches taken to due diligence on delegates by the boards of Luxembourg funds, management companies, and AIFMs could be more consistent.
ALFI annual report 2014-2015 presents facts and figures on the development of the Luxembourg investment fund industry and the activities of our association. Link to flip book version. Older editions can be found here.
This brochure provides general information on the legal and taxation aspects of regulated and un-regulated Infrastructure investment vehicles domiciled in the Grand Duchy of Luxembourg.
U.S. asset managers are often baffled by securities rulemaking in the European Union. This new presentation from NICSA and ALFI provides a brief introduction to the process - and how it differs from the U.S. regulatory process.
Click here to access the webinar.
On 3rd October 2014, ALFI released the first editions of two documents prepared by ALFI’s AIFMD reporting working group.
The aim of this document is to provide the reader with a general overview of the main provisions of the AIFMD in relation to risk management as well as general principles for establishing a risk management function.
The aim of these Guidelines are to present best practice proposals for the management of Operational Risk and to assist Board members and senior management in the development of their risk management process.
ALFI's AIF Risk Management working group published the Q&A document “Risk Management for AIF under AIFMD”. The Q&A will cover all key dimensions of Risk Management activities under AIFMD including, for example, aspects in relation to key risk categories (such as, Market risk, Credit risk, Liquidity risk, etc.) as well as governance/delegation topics.