Tax & Regulation for governing bodies 

Description 

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

• Module 1 – Funds & IFMs: Governance fundamentals (28hr, 3.5 days)
• Module 2 – Technology challenges for Governing Bodies (4hr, 0.5 day)
• Module 3 – Portfolio management (4hr, 0.5 day)
• Module 4 –  ESG developments for Governing Bodies  (4hr, 0.5 day)
• Module 5 – Risk management (8hr, 1 day)
• Module 6 – Fund Administration, Depositary and Valuation (8hr, 1 day)
• Module 7 – Marketing, distribution and transfer agency (8hr, 1 day)
• Module 8 – AML/CFT for Governing Bodies (4hr, 0.5 day)
• Module 9 – The role of the auditor (4hr, 0.5 day)
• Module 10 – Tax & Regulation for Governing Bodies (8hr, 1 day)
• Module 11 – Fund Governance in Practice (8hr, 1 day)

Course outline 

This module aims to provide a high-level understanding of the increasingly complex topics of Tax and Regulation and equip directors to ask the right questions when carrying out oversight responsibilities in relation to Tax and Regulation. 

The module explores key tax considerations for Directors of Funds and IFMs and provides guidance on overseeing compliance with tax obligations and mitigating tax liability. It also provides an overview of the regulatory environment, a Governing Body perspective on selected regulatory developments and key regulatory requirements, explores approaches to handling the regulatory challenge as well as oversight over compliance and relations with the authorities. It will use practical examples and mini-workshops to enliven the topic. 

Course highlights  

The module covers the following topics:

• Tax considerations for Directors of Funds and IFMs 

• Understanding the Regulatory environment  

• Latest regulatory initiatives – considerations for boards  

• Navigating acronyms and key regulatory topics such as on MiFID and Remuneration 

• Case study: Handling the regulatory challenge  

• Oversight of compliance  

• Relations with the CSSF, including interventions from the CSSF:  

• CSSF Mission, Organisation and the Declaration of Honour Process 

• Q&A 

• Relations with authorities   
• Remuneration