Said Fihri, KPMG

Said Fihri Before joining KPMG Luxembourg in 2011, Said had an experience of 5 years in Fund Distribution and regulatory in another big four and 2 years at Blackrock. Handling of compliance and regulatory issues including researches on legal framework regarding the fund activity in Luxembourg and various European jurisdictions, researches on the cross border notification procedures in EU and non EU countries, researches on private placement rules. Review of marketing materials for investments funds (Websites, factsheets, advertising and marketing of shares via internet) according to various European jurisdictions. Review of selected European markets in order to define strategic expansion plans. Analysis of size and specificities of each country’s fund industry and growth potential. Chair the working group "Digital investing” at the ALFI. Head of the Digital Ledger Services (Blockchain) Team at KPMG Luxembourg Co-founder of FundsDLT a blockchain based platform for subscriptions and redemptions for investment funds. Active member of Infrachain

Agenda

09.40 - 10.30

AML in the distribution context

Transparency in the investment chain: – know your distributor, know your client and know your beneficial owner. With the implementation of the 4th AML Directive, the coming into life of the Ultimate Beneficial Ownership Register and increased scrutiny from the CSSF, notably through the new “Manco” Circular, what do the authorities expect from asset managers and service providers? Who reports what to whom and how is the process being vetted?


11.00 - 11.50

Tomorrow's cross-border fund distribution in the EU

As part of the Capital Markets Union project, the European Commission has initiated ways to facilitate cross-border distribution in Europe. The proposals strike a trade-off between removing distribution barriers and adequate investor protection. How will these new rules modify European fund distribution?


11.50 - 12.20

Bad banks? The impact of reputation on marketing

Nation branding and image building: how does the overall reputation as a fund domicile contribute towards distribution efforts? How much does image influence decision-making?


14.30 - 15.30

Workshop I - geographical distribution hot spots: UK


14.30 - 15.30

Workshop II - geographical distribution hot spots: Latin America


14.30 - 15.30

Workshop III - geographical distribution hot spots: Asia


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