Funds & IFMs: Governance fundamentals

Description

The training is part of the Fund Governance Masterclass, a certification programme with the below topics:

• Module 1 – Funds & IFMs: Governance fundamentals (20hr, 2.5 days)
• 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)
• 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)

Course outline

The ILA Fund Governance Masterclass will kicks-off with a brief overview of Luxembourg Investment Funds and Investment fund managers (IFMs) from the perspective of governing bodies before diving into key aspects of fundthe governance inof Funds and IFMs Luxembourg.  

This module covers the different types of Luxembourg investment fund structures, the main types of IFMs, the applicable key governance requirements, IFM rules of conduct, Fund Codes of Conduct, with a focus on the ALFI Code, the role of the Chair, the role of the Executive Committee, oversight over internal audit, conflicts of interest, and the roles and liabilities of Fund and IFM Directors and Conducting Officers.  

A number of interactive practical case studies throughout the module illustrate the types of governance questions and challenges which Directors may face across spectrum of Luxembourg structures from small startups to large complex IFMs.

Course highlights   

The module covers the following topics:

• What are the key features of investment fund governance
• Introduction to Luxembourg funds and IFMs 
• Governance of Funds and IFMs
• IFM Rules of Conduct & Fund Codes of Conduct
• Role of the Chairperson
• The Conducting Officer’s Perspective
• Oversight of internal audit
• Conflicts of Interest
• Roles & Liabilities of Fund & IFM Directors