Xavier Balthazar, PwC Luxembourg

Xavier Balthazar Xavier is partner in the regulatory practice in PwC Luxembourg, with deep expertise in financial sector and funds’ regulations. He participated to many set ups and restructurings of investments funds, management companies and professionals of the financial sector in Luxembourg and abroad, including the definition of their organization, processes and procedures. He is also a regulatory compliance expert for depositary banks and fund administrations. Finally, Xavier is in charge of a regulatory watch service for banks and asset managers.

Agenda

Substance, delegation and governance requirements in Luxembourg
09.15-10.00

The magnitude of the current relationship of cross-border funds with the UK – What is at stake?

  • Current operating and delegation models between UK and the European asset management industry
  • Distribution models
  • Facts and figures
10.00-10.45

CSSF Circular 18/698: Substance, delegation and governance

Deep dive into CSSF requirements on substance and delegation as well as organisational considerations  
14.25-15.10

Practical examples of addressing Brexit challenges

  • Asset managers recount their experiences
15.40-16.10

The people and the place

  • Living and working in Luxembourg
  • What skillset for Luxembourg?
  • Relocation
  • Dual employment contracts
  • Your tax bill
  • Independent directors
  • Directors, senior managers and conducting officers
16.10-17.00

What does the future hold for European asset management?

  • Third-country access through equivalence; the way forward
  • Transition period
  • ESA review, recent developments from EU Commission, ESMA and the UK
  • Third-country passport under AIFMD: will it work?
  • Brexit: what spillover effect on asset managers in the US, Asia and other jurisdictions?
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