UCITS/non-UCITS Management Companies and AIFMs

After completing this course, participants will be able to understand:

• The activities, responsibilities and organisation of UCITS Management Companies
• The activities, responsibilities and organisation of self- managed SICAVs
• The activities, responsibilities and organisation of non-UCITS Management Companies
• The key differences between AIFMs and UCITS Management Companies

• Introduction – Basic principles
• Luxembourg UCITS Management Companies ("Chapter 15" Management Companies):
  • Activities
  • Authorisation and operations
  • Delegation
  • Responsibilities
• Self-managed SICAV (UCITS)
• Non-UCITS management companies ("Article 125-1" Management Companies)
• Activities
• Authorisation and operations
• Alternative Investment Fund Managers ("AIFMs") – Key differences compared to UCITS Management Companies
  • Scope of activities - exemptions
  • Authorised AIFMs vs. registered AIFMs
  • Authorization (including own funds requirements, CSSF application questionnaire, etc.) and operations
  • Delegation
  • Responsibilities
  • European passport for AIFMs