The ILA Conducting Officer Forum was established over a decade ago and has grown from a small group of Conducting Officers to a large diverse group covering a varied range of IFMs (UCITS Management Companies and AIFMs) including in-house and third party IFMs. The Forum offers the opportunity to share ideas and have an open discussion on industry trends, regulation and evolving best market practice. This creates a good opportunity to network and share ideas with fellow Conducting Officers in an informal manner without minutes or active working groups.

Any topics that may give rise to the need for guidance papers or other publications will be fed into a working group within ILA or one of the other industry associations as is deemed most appropriate. The Forum also works in close collaboration with the ALFI Fund Governance Forum and the ALFI Management Company Committee.

Please find below the agenda of the Forum: 

1. Updates from other industry associations: ALFI, LPEA, ALCO, ALRIM & LuxFLAG

Updates from industry meetings and regulatory updates

a. Feedback from CSSF session in November

b. ILA Ambassadors:

- ESG – Jane Wilkinson / Christian Hertz

- Fund Data Standards (FDX) – Mark Phillips

2. Regulatory and Industry update, discussion points

1. Market challenges

2. Regulatory reporting & Operational challenge discussion:

• DORA
• ELTIF 2.0

3. EU Laws and regulations / CSSF Circulars / FAQ

• CSSF Reg 24-01, CSSF Circular 24/847 on ICT Incident Framework
  
• ESG input to CSSF with deadline 31.01
• CSSF’s supervisory priorities in the area of sustainable finance
• CSSF Thematic Review on implementation of sustainability provisions (issued 3/08)
• CSSF Thematic Review on Validation of VaR models used by UCITS (issued 13/06)
• Marketing/distributions requirements from the CSSF (recent newsflashes)

4. CSSF updates and trends

• S3 and regulator digitalisation roadmap and timeline
• FDX CSSF views standards for delegate oversight (KPI) and Prospectus maintenance

5. Additional topics

• Circular 22/811 Fund Administration – roles and responsibilities on pricing and valuation
• T+1 Settlement

3. Other topics

• Feedback on the forum and potential topics for next Forum
• Date for next meeting – Thursday, 22 February 2024 (CSSF session)
• AOB

Target audience

For this forum, the target audience is any appointed  Conducting & Compliance Officers   and/or  Responsable du Contrôle du respect des obligations  (RCs). 

Should you wish to be on the distribution list for the monthly CO Forum, please send an e-mail to Emily Ball at  ​e.ball@ila.lu ​ . 

The rules of the Forum foresee that one delegate only for each ManCo or participating entity can be present at the debate in order to have a larger diversity in the group.