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.

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Please find below the agenda for this Forum:    

Updates from other industry associations: ALFI, LPEA, L3A, ALCO, ALRIM, GAMS
Updates from industry meetings and regulatory updates 
ILA CO Forum Co-Chairs call for interest

Regulatory and Industry update, discussion points

1. Governance:

• Update on leadership (co-chairs)
• Discussion on format: reverting to monthly physical meetings and smaller group discussions

2. CO Forum Feedback:

• Global Asset Management Standards – engagement?
• CSSF inspections: time and cost market assessment & template
• • Reg reporting
  • Regulatory inspections
  • Regulatory questionnaires (SAQ’s)
• Risk Profiling: sub fund or fund level aggregate score vs risk area score (Market, Counterparty, Credit, Liquidity etc)

3. Regulatory reporting & Operational challenge discussion

• ESMA questionnaires
• Separate Report – Risk Based Approach

4. EU Laws and regulations / CSSF Circulars / FAQ

• FiDA Regulation (Financial Data Access)
• DORA 25/892 & 25/893
• ESMA CSA Compliance and Internal Audit update
• CSSF 24/866 resp. BCL 2024/245

5. Additional topics

• CSSF industry engagement feedback
• Active ETF / ELTAF and other product trends
• CSSF thematic review on the delegation of the portfolio management function
• Performance of Risk Management
• • Liquid Fund
  • Illiquid Funds
  • Mixed portfolio with Liquid and illiquid securities

Other topics

    a. Feedback on the forum and potential topics for next Forum 

    b. Date for next meeting: 11 December 2025 - In-person session with Marco Zwick

    c. 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 bi-monthly CO Forum, please send an e-mail to our team at [email protected]​ . 

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.