Depositaries: key challenges and developments

AIF Club – Depositaries: key challenges and developments

While the Pandemic is still not overcome, the growth of the Luxembourg investment fund industry is fueled by a lot of optimism. During 2021 we have seen the Assets under Management growing to a record high of 5.7 TRN EUR from 4.7 TRN EUR before the first lock-down in March 2020. However, at the same time the number of depositaries shrunk from 61 to 57 evidencing pressure to revisit target operating models from a regulatory, people, process, and technology perspective for staying relevant in the Luxembourg marketplace. 

Outcomes of prudential supervision of the CSSF also highlight that some players still have key deficiencies in these areas, which can put at risk their reputation and business growth. The latest changes to the AIFMD and ELTIF Directive also need to be carefully analyzed by depositaries, as AIFMs will also be targeting more and more Retail investors going forward. We will therefore explore with you the outcomes from the CSSF’s prudential supervision, strategic implications of the AIFMD and ELTIF revision, and priorities within your technological agendas.

For more information about this event, please contact Mireille Pourpognot.

 

EY has put several precautionary measures in place to increase the safety and wellbeing of our people, clients and communities. CovidCheck (2G) and sanitary measures effective on the date of the event will apply. With CovidCheck in place, there will be no need to wear a mask or practice two meters social distancing at this event.

Please bring your valid 2G CovidCheck certificate (EU Digital COVID Certificate - EU DCC) which attests that either:

  • You are fully vaccinated against COVID-19; (Accepted vaccines: BioNTech/Pfizer / Moderna / AstraZeneca (Vaxzevria) / Johnson&Johnson (Janssen) or
  • You have recovered from COVID-19 (valid between the 11th and 180th day after the date of the result of the positive PCR test.)

More information on the certificates can be found on the CovidCheck website. Due to new Covid regulations in place, it is not possible to join the event by showing a negative COVID-19 test certificate. The event and capacity are subject to change depending on the COVID-19 measures.


Thank you for your understanding!

Presenters

Norman Finster
EY Luxembourg Consulting Associate Partner, Alternative Investments Leader
Pierre-Marie Boul
EY Luxembourg Associate Partner, Asset Servicing Leader

Location EY Luxembourg, 35E Av. John F. Kennedy, Luxembourg, Luxembourg, 1855, LU

Time 09:00 - 11:30

Invite only