Become a Fund Governance Expert
ILA has created the Fund Governance Masterclass, a programme which will dive participants into the practical world of being a Fund Governance Expert in Luxembourg. This intensive and interactive 80-hour training programme is conducted by Luxembourg practitioners and well-known experts.
The course is dedicated on the one hand to ILA Certified Directors wishing to develop a solid understanding of the Fund Governance framework and will lead to an additional and experienced sectorial certification; and on the other hand, to fund professionals who are eager to strengthen their skills in the Fund Governance area, and are aspiring to obtain a Fund Governance Diploma.
Main advantages of the Masterclass
Flexibility
Participants can attend either the full programme or the courses sperately. if they attend the complete masterclass, modules can be taken within a timeframe of
2 years.
Value
This certification is led by current practicioners , industry experts, and renowned guests.
Accessible
The masterclass is open to:
- ILA certified directors,
- ILA members or non-members with at least 3 years of experience in the Fund industry as a Board member
or as a Conducting Officer.
Certified Directors wishing to obtain the Fund directors certification delivered by ILA will need to attend all modules.
Extra visibility
Relevant visibility on ILA website and attendance to tailor made events with highly qualifed external speakers
Training modules
Part one
Module 1 – General introduction to fund governance (2 days)
Module 2 – Governance of AIF and AIFM (1.5 days)
Module 3 –
Portfolio & risk management oversight for UCITS & Alternatives
(1.5 days)
Part two
Module 4 – Fund Administration, Depositary and Valuation (1 day)
Module 5 –
AML/CFT: key considerations for the Fund industry
(0.5 day)
Module 6 – The role of the auditor (0.5 day)
Module 7 – Marketing, distribution and transfer agency (1 day)
Module 8 – ESG developments for Fund Directors (0.5 day)
Module 9 – Technology challenges for Fund Directors (0.5 day)
Module 10 –
Fund Governance in Practice (1 day)
Planning
Week 1
- Module 1 - Day 1 & 2
- Module 2 - Day 3 & 4
- Module 3 - Day 4 & 5
Dinner with guest speaker
Multiple choice questions Exam - online
Week 2
- Module 4 - Day 1
- Module 5 - Day 2
- Module 6 - Day 2
- Module 7 - Day 3
- Module 8 - Day 4
- Module 9 - Day 4
- Module 10 - Day 5
Dinner with guest speaker
Multiple choice questions Exam - online
The topics covered
The course covers a wide variety of topics relevant to:
Investment funds, including both undertakings for collective investment in transferable securities (UCITS) and alternative investment funds (AIFs), covering both funds which may be marketed to the public and which may be marketed to certain types of investors.
Investment fund managers, including UCITS Management Companies and Alternative Investment Fund Managers (AIFMs).
The topics include a general introduction to fund governance, governance of investment funds and IFM, oversight of investment management, the role of the auditor, marketing, AML and ESG among others.
You will be led through key issues specific to exercising a Fund mandate in Luxembourg highlighting what the Luxembourg director should know and specifically challenge.