UCITS in Luxembourg 5th Annual Conference

Addressing the Implementation Challenges of UCITS IV & Examining the Road to UCITS V

With UCITS IV now transposed in Luxembourg, what have been the realities of implementing the Directive for the industry?

IBC's 5th annual conference will explore the challenges and opportunities relating to:

Regulation
- AIFMD - UCITS V - MiFID II
- Complex vs. non-complex UCITS
- ESMA proposals for ETFs
- CSSF guidance on substance for ManCos & self-managed SICAVs
- Money Market Funds: UCITS IV review
- Latest on PRIPS & RDR

 UCITS IV & V Implementation
- KIID - pitfalls & improving flow through to investors
- Opportunities for master-feeder
- Substance, governance & risk
- New depositories regime 

Distribution
- Cost & performance considerations

Tax Issues
- FATCA
- FTT
- Withholding tax refunds for Luxembourg funds
 
More details here


Furthermore, the conference will bring you up to date on the UCITS V Directive.
Spelling out the latest consultation and legislative timetable. Crucially there will be focus on the new landscape for Depositories with practical guidance on steps to take to manage the changes to come.

For 2012, we have given special focus to key European initiatives interacting with the UCITS Directive. AIFMD and MiFID II will be detailed and examined in line with how all three overlap and impact the investment management industry.

This successful annual conference will provide you with detailed practical implications of all UCITS developments including:

• NEW REGULATION 
  UCITS V, AIFMD, MiFID II.
  - With the three Directives very much interconnected and regulating the same investment management activities,
  - What restrictions and possibilities are being seen for industry?
• IMPLEMENTATION
  UCITS IV Working in Practice.
  - Hear how the UCITS IV is bedding down in Luxembourg and other states.
  - What challenges are being seen in implementation?
  - Get guidance on delivering a fully functioning KIID, calls for removal of notification, product possibilities for master-feeder and more.
• BEST PRACTICE 
  for Fund Distribution.
  Learn how regulatory changes may affect cost and performance of the current fund distribution model and determine solutions to overcome the threat.

Learn more about this event from UCITS in Luxembourg Conference 2012 latest agenda

Key areas to be covered in the programme:

• Regulatory, accounting and reporting challenges in relation to cross-border fund mergers and Master-Feeder structures
• UCITS IV: Are there business opportunities for master feeder structures?  Do they have more merits that a cross-border registration?
• Are these UCITS IV opportunities feasible? What are the main obstacles? Will tax be the driver?
• What are the FATCA implications to the fund business?
• Challenges and concerns of the documentation, withholding and reporting obligations under FATCA : What do the draft regulation foresee for the investment management practices?

Workshop led by:
Claude Poncelet, Partner, KPMG Luxembourg S.à r.l.
Pascale Leroy, Director, KPMG Luxembourg S.à r.l.
Olivier Schneider, Manager, KPMG Luxembourg S.à r.l.