Management Company Technical Committee

A dedicated Management Company Technical Committee, which is open to all members, with more than 200 leading industry experts has been formed. This Committee has a clear focus on working with representatives of Management Companies established in Luxembourg including branches as well as those in cross-border jurisdictions that passport into Luxembourg.

The Management Company Technical Committee addresses among its various working groups the following topics:

  • Acts as forum of discussion for management companies to exchange ideas, concerns and best practices;
  • Establishes guidelines, best practices and fosters the integrity of the market;
  • Creates a standard set of recognised market definitions;
  • Defines core roles and responsibilities between the various actors (e.g., fund boards, Management Company boards, Conducting Officers and interactions with other stakeholders) considering both UCITS and AIFs;
  • Agrees and defines core cross border activities;
  • Communicates with key industry bodies and stakeholders;
  • Provides guidance and establish best practices on oversight of delegates;
  • Establishes guidelines in relation to regulatory reviews (e.g. onsite visits, cross border enquiries) and monitor regulatory practices;
  • Addresses ad-hoc topics raised by the members.

Considerations for investment fund managers with regard to onsite inspections in Luxembourg by the CSSF