ILA Conducting Officer Forum

1. Introduction
2. Agenda
3. Speakers

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 topics that will be discussed in this Forum (you can find the detailed agenda in the agenda section above):

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

2.  New laws and regulations

3. CSSF Circulars (overview of new Circulars released including the FAQ on Outsourcing arrangements - links provided below)

4. AML updates

5. Important upcoming deadlines

6. Other notices / points

7. May regulatory reporting

8. LFR & AML questionnaires

We would be pleased if you join us in these discussions and share your views. 

Please find below the new CSSF Circulars and FAQ:

• Communication on Circular 22/805, 22/806 (outsourcing arrangements) and the FAQ

• Circular CSSF 22/807 (only in French)

Additional information on the CSSF Circulars: 

• https://www2.deloitte.com/lu/en/pages/financial-services/articles/cssf-releases-outsourcing-circular.html?msclkid=fd082778d16011ec815a57b6bae99bed

• https://www.arendt.com/jcms/p_93575/de/important-cssf-circular-on-outsourcing-released

• https://www.arendt.com/jcms/p_93786/de/central-administration-internal-governance-and-risk-management-requirements-cssf-update

• https://www.pwc.lu/en/newsletter/2022/cssf-issues-circular-22-806.html

• https://delano.lu/article/the-cssf-strengthens-the-rules?msclkid=818f95b7d16111eca24aa2a98bd0c80f

• https://talkingtech.cliffordchance.com/content/dam/cliffordchance/briefings/2022/05/IRU-25-29-April-2022.pdf?msclkid=9751cbdad16111ec857b9e0c4be8f91b

The target audience for this Forum is appointed Conducting & Compliance Officers and 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.