Sandrine Leclercq, D.Law

Sandrine Leclercq Sandrine Leclercq has a strong background in legal and regulatory matters due to her extensive 19 years of experience within the field of asset management and asset servicing sectors. She is responsible for further developing D.Law’s existing service offering in the area of asset management. At D.Law, Sandrine is responsible for driving the development of digital technologies that enhance and improve process efficiency in the delivery of legal and regulatory services. Moreover, and in line with D.Law’s stated objective to charter new waters, Sandrine Leclercq will continue to build up her expertise in the legal framework covering new technology-enabled trends such as cryptocurrencies and Initial Coin Offerings. Sandrine Leclercq is specialized in regulatory strategy and compliance, fund structuring and corporate governance. At D.Law, she provides an array of legal services, building notably on her previous experiences as Counsel at a global US Law firm and as Group General Counsel for a major custodian bank.
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  


13.45-14.25

Restructuring cross-border funds for Brexit

  • Marketing in the UK using your Luxembourg fund
  • Restructuring UK domestic fund ranges
  • Reorganising your fund and investors
  • Specific risk disclosures on Brexit in fund documentation
  • “Grandfathering” UK investors in a Luxembourg fund after March 2019
  • Implications for contracts and fund documentation – continuity and repapering
  • Marketing rules and UK-based sales teams post Brexit

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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