Sophie Dupin, Elvinger Hoss Prussen

Sophie Dupin Sophie Dupin’s practice concentrates on collective asset management, investment funds, management companies, AIFMs, investment firms and professionals of the financial sector. As a matter of fact, Sophie advises a number of investment fund promoters and other financial institutions in relation to the set-up, structuring and administration of their Luxembourg investment fund operations and their financial sector activities. In addition, she is also member of various working groups, for instance the ALFI (Association of the Luxembourg Fund Industry) and the ALCO (Association Luxembourgeoise des Compliance Officers). Prior to joining the firm, Sophie Dupin worked in law firms in Bordeaux (France). She was a member of the Bordeaux Bar from 2001 to 2010 and was admitted to the Luxembourg Bar under her home title in 2004. Since 2010, she is a member of the Luxemburg Bar. Besides, Sophie Dupin holds a DESS (diplôme d’études supérieures spécialisées) in business law and tax from the Université Montesquieu Bordeaux IV (France), a Certificate in English law from the University of Warwick (UK) as well as a Maîtrise en droit from the Université Montesquieu Bordeaux IV (France).  
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  


11.45-12.25

Reorganising cross-border fund management for Brexit

  • What are the options under CSSF Circular 18/698?
  • Delegation of functions to a UK entity
  • Restructuring
  • The third-party ManCo model in Luxembourg
  • Depositaries – delegation, outsourcing and risk transfer
  • Contingency planning

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?