Julie Patterson, KPMG

Julie Patterson Julie has specialised in the asset management and funds sector for nearly 20 years.  She produces thought leadership and knowledge-based analysis of regulatory proposals and of the evolving political and regulatory context.  She is also global lead on Brexit for the sector. She previously worked for 15 years at the UK’s Investment Association, covering a wide range of issues, including all aspects of investment funds – product regulation, distribution, fund administration, financial reporting, tax and legal. She has extensive knowledge of EU regulation and of national fund and distribution structures.  She chairs EFAMA’s Distribution & Client Disclosures Standing Committee.
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
  • Julie Patterson

    Julie Patterson Head of Asset Management Regulatory Change, Risk & Regulatory Insight Centre, EMA KPMG


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?