Become a Fund Governance Expert
The ILA Fund Governance Masterclass guides participants through the practical world of the governance of Luxembourg investment funds and investment fund managers (IFMs).
This intensive and interactive 80-hour training programme, split over 11 modules, is facilitated by Luxembourg practitioners and well-known experts.
This Masterclass 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 the additional sectorial certification of ILA Certified Director, Fund Governance Expert, and on the other hand, to fund professionals who are eager to strengthen their skills in the area of Fund Industry Governance, and are aspiring to obtain the ILA Fund Governance Diploma.
Training modules
Week one
Module 1 – Funds & IFMs: Governance fundamentals (20h)
Module 2 –
Technology challenges for Governing Bodies
(4h)
Module 3 – Portfolio management (4h)
Module 4 –
ESG developments for Governing Bodies
(4h)
Module 5 –
Risk management (8h)
Week two
Module 6 – Fund Administration, Depositary and Valuation (8h)
Module 7 –
Marketing, distribution and transfer agency
(8h)
Module 8 –
AML/CFT for Governing Bodies
(4h)
Module 9 – The role of the auditor (4h)
Module 10 – Tax & Regulation for Governing Bodies (8h)
Module 11 –
Fund Governance in Practice (8h)
Planning
Welcome coffee is at 08:30. Modules start at 08:45 or 09:00. During the day, there are several coffee breaks.
Days finish by 18:00 with the exception of day 1 (week 1) and 4 (week 2). Dinners may finish between approximately 21:00 - 22:00.
Week 1
- Module 1 - Day 1 to Day 3 (AM)
- Module 2 - Day 3 (PM)
- Module 3 - Day 4 (AM)
- Module 4 - Day 4 (PM)
- Module 5 - Day 5
Dinner with guest speaker on Day 1
Multiple choice questions Exam - online
Week 2
- Module 6 - Day 1
- Module 7 - Day 2
- Module 8 - Day 3 (AM)
- Module 9 - Day 3 (PM)
- Module 10 - Day 4
-
Module 11 - Day 5
Dinner with guest speaker on Day 4
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 governance of investment funds and IFMs, oversight of portfolio management and risk management, the role of the service providers, marketing, AML, ESG and Fund Governance in practice (including the Lifecycle of Directors) amongst 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.
Requirements
To attend this programme, the participants have to fulfil at least one of the following conditions:
- Being an ILA Certified Director OR
- Having at least 3 years of experience in the Fund industry
-
- as a Board member (Executive or Non-Executive) OR
- as a Conducting Officer OR
-
in a relevant executive management position.
Fees
For ILA certified Directors
: 7,500 EUR (+ VAT 3%)
For ILA members
: 8,000 EUR (+ VAT 3%)
For non-members
: 11,300 EUR (+ VAT 3%)
If you wish to become a member, please consult the
following page.
Please note that ILA is authorized as a provider of continuing vocational training by the Ministry of Education (agreement dated 11 October 2011).
Individual training leave
The certification programmes organised by ILA are eligible for individual training leave granted by the Luxembourg Ministry of Education (MENEJ).
Please note that the information provided below can be subject to changes at any time. The website of the MENEJ is to be considered as the official source of information related to the Individual Training Leave. Please refer to it for any question you may have.
What is the Individual Training Leave
Individual training leave is a special type of leave that is granted to allow applicants to:
- attend training courses, and prepare for and sit exams; or
-
engage in any other activity undertaken as part of an eligible training course.
Who is it for
The following people who work in the private sector are eligible for individual training leave:
- employees;
- self-employed workers;
- freelancers.
Individual training leave is paid for:
- by the employer, if the applicant is employed;
- by the State, if the applicant is self-employed.
Deadline
The request must be submitted
2 months before
the start of the leave requested.
Documents to be submitted to the MENEJ
Here is the list of the training-related documents that are required, among other things, to apply for training leave from the MENEJ :
-
The training registration certificate with the total number of hours (course, exam, etc.).
This document is not provided automatically; please send your request by email to
[email protected]
to obtain it.
- The invoice for the training which will be sent by email to the participant and/or to the company's contact person once the registration has been confirmed.
-
The certificate of attendance of each module will be sent via an automated email from our LMS platform once the module has been attended.
How to submit your request
Please refer to the following websites for further information and submission instructions.