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 whishing 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
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.
This certification is led by current practicioners , industry experts, and renowned guests.
the masterclass is open to ILA certified directors, ILA members with experience in Funds industry and Non-members.
Certified Directors wishing to obtain the Fund directors certification delivered by ILA will need to attend all modules.
relevant visibility on ILA website and attendance to tailor made events with highly qualifed external speakers
Module 1 – General introduction to fund governance (2 days)
Module 2 – Governance of AIF and AIFM (1.5 days)
Module 3 – Investment Management oversight for UCITS & Alternatives (1.5 days)
Module 4 – Fund administration & valuation, the role of the depositary (1 day)
Module 5 – Anti-Money Laundering & Counter Terrorist Financing (0.5 day)
Module 6 – The role of the auditor (0.5 day)
Module 7 – Marketing, distribution and transfer agency (1 day)
Module 8 – Strategy and technology challenges for fund directors (0.5 day)
Module 9 – Key regulatory considerations for fund directors (0.5 day)
Module 10 – ESG developments for Fund Directors (1 day)
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.
“Directors bear a huge responsibility towards investors, and this programme is there to better enable directors to face up to that challenge.”
“The fund industry is one of the largest user of independent directors in Luxembourg. It makes sense to improve your skills in this exciting and growing sector.”
“The CSSF congratulates ILA for putting in place the Fund Governance Masterclass. The various modules of this 2 weeks program are all very appropriate and timely. Non-Executive and Independent Directors are key to ensure good governance so we welcome this program for Directors of investment funds and investment fund managers.”