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7th Alternative Investment Fund Regulation Conference

£1,095 +VAT
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Latest developments and practical guidance on how alternative investment managers are regulated across the EU

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7th Alternative Investment Fund Regulation Conference

Latest developments and practical guidance on how alternative investment managers are regulated across the EU

The 7th Alternative Investment Fund Regulation Conference will bring together prominent speakers to debate and discuss the latest regulatory developments, current opportunities and challenges facing the alternative investment fund industry.

Save money by booking early
Book before 16th January 2015 to save £200: £1095+VAT
Standard delegate fee: £1295+VAT

By attending you will benefit from expert insights, knowledge and debate on how fund managers are working within the AIFM Directive framework, the costs of compliance and the day to day implications of the legislation.

How has it impacted on the industry?

  • Gain clarification on outstanding issues relating to passporting and fund marketing, national authority reporting obligations and more
  • Get to grips with the detail around remuneration guidelines and ensure you are fully up to date with liabilities and responsibilities relating to depositaries and prime brokers

UCITS V will be an important development in 2015. How will the provisions for alternative investments under this umbrella mirror those in the AIFMD and what lessons can managers learn to prepare themselves for upcoming developments?

The six previous events in this series have attracted a strong following of delegates who have come back year after year, event after event, confident in the knowledge they will gain from the expertise of the speakers on the day. Be sure to book your place early to meet old friends and make new contacts at this unrivalled forum.

 
Featuring key presentations from industry leaders including:

  • Elva Martin, Senior Regulator, Markets Policy Division, Central Bank of Ireland
  • Jonathan Sammut, Analyst, Securities and Markets Supervision Unit, Malta Financial Services Authority
  • Vincent Ingham, Director, Regulatory Policy, European Fund & Asset Management Association (EFAMA)
  • Denise Jud, Executive Director, Head Legal Distribution, Swiss & Global Asset Management Ltd
  • James Bermingham, Director and General Counsel, Aztec Financial Services
  • Alexander Nightingale, Director, Legal & Compliance, BlackRock
  • Roman Hackelsberger, Chief Legal Officer EMEA, Deputy General Counsel, PineBridge Investments
  • Leonard Ng, Partner, Sidley Austin LLP
  • Jean-Pierre Gomez, Head of Regulatory and Public Affairs, Société Générale Securities Services
  • Sandrine Leclercq, Counsel, Baker & McKenzie
  • John Bohan, Apex Fund Services, Apex Fund Services (Ireland) Limited
  • Lora Froud, Senior Counsel – Investment Management Group, Macfarlanes LLP
  • Tim Wright, Director, PricewaterhouseCoopers
  • Anna Berdinner, Regulatory Analyst, Asset Management Regulation, The Alternative Investment Management Association (AIMA)

     

If you would like to be considered as a speaker, or if you would like to receive information about the commercial opportunities available at the event, please contact Mia Bayley at mbayley@euromoneytraining.com or +44 (0)207 779 8609. 


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Supporting Partners: 
 

     

                         

 


 


                                                                                           

Day 1 – 24th February 2015

 
08.30 - Registration & Refreshments


 
09.00 - Opening remarks from the Chair
Michelle Moran,
Partner, Ropes & Gray

 
09.10 - Opening Address: What comes next in regulating alternative investment fund managers and their market?

  • Examining the AIFM Directive in the context of wider EU fund legislation
  • Assessing the market impact in the EU and beyond – is AIFMD the accepted minimum standard?
  • The response from investors
  • Next steps to deliver full implementation

Vincent Ingham, Director, Regulatory Policy, European Fund and Asset Management Association (EFAMA)

 
09.40 - Lessons learned from AIFM authorisation process

  • How are the timelines for authorization working in practice?
  • Understanding and working through the authorisation process
  • Key outstanding questions by and for applicants

Elva Martin, Senior Regulator, Markets Policy Division, Central Bank of Ireland 

 
10.10 - How will the alternative investment fund industry be impacted by MiFID II?

  • Overview of MiFID II and its likely impact on managers
  • How will it interact with the AIFMD provisions?
  • AIFM passporting under MiFID II
  • Implications of the legislation for reverse solicitation

Leonard Ng, Partner, Sidley Austin LLP

 
10.40 - Morning refreshments

 
11.10 - Comparing provisions in the AIFM Directive and UCITS V - which is more attractive?

  • UCITS or AIF - which way to go for fund managers?
  • Doubling up - using one manager for UCITS and AIFs?
  • Practicalities of operating under both regimes
  • Is one rule book likely in the future for both AIFs and UCITS?

Jean-Pierre Gomez, Head of Regulatory and Public Affairs, Société Générale Securities Services

 
11.50 - Industry panel: The regulatory environment for alternative managers - challenges and opportunities for key market players

  • Key challenges in meeting the requirements of the AIFM application process
  • Experiences of how national regulators are dealing with local AIFM applications and non-EU AIFM registrations
  • Technical and legal questions that still require clarification
  • Reviewing product ranges – assessing the viability of funds under AIFMD
  • What next?

Denise Jud, Executive Director, Head Legal Distribution, Swiss & Global Asset Management Ltd
James Bermingham, Director and General Counsel, Aztec Financial Services
Alexander Nightingale, Director, Legal & Compliance, BlackRock
Roman Hackelsberger, Chief Legal Officer EMEA, Deputy General Counsel, PineBridge Investments
Frédéric Bompaire,
Head Public Affairs, Amundi Asset Management

  
12.40 - Lunch 
 
   
14.00 - Practical guidance on Annex IV reporting under the AIFMD

  • Post authorization - how often do AIFMs need to report? What are the reporting periods?
  • What do AIFMs need to consider when deciding when first to report? How flexible is the approach?
  • Understanding the requirements under Annex IV – how similar / different are they to Form PF?
  • Getting to grips with the details on report format, templates etc.

 
14.30 - How are remuneration regulations working in practice?

  • Different approach taken by regulators across the EU
  • Which entities and individuals are affected? 
  • Which remuneration is covered?
  • What are the transparency requirements?
  • How is the proportionality principle being applied?

Tim Wright, Director, PricewaterhouseCoopers

 
15.00 - Meeting the AIF and AIFM valuation challenge

  • How to ensure a proper and independent valuation
  • Clarifying valuation policies and procedures
  • Models for valuation
  • Pros and cons of Inhouse or external valuations – what are the key questions to ask?

 
15.30 - Afternoon refreshments 

 
15.50 - Pros and cons of the ‘depositarylite’ regime

  • Understanding the detail of the depositary lite regime, who it applies to and who is exempt
  • How do the obligations under this regime different from the mainstream operating model?
  • How does the depositary-lite regime work in the UK? Clarifying Article 36 custodian authorization requirement

Lorna Froud, Senior Counsel - Investment Management Group, Macfarlanes LLP

 
16.20 - Discussion: How is the the Prime Brokerage and Depositary operating model likely to evolve in the coming years?

  • Consideration of the different prime broker /depositary operating models post AIFMD
  • How would the proposed segregation of AIF and non-AIF assets impact on prime brokers?
  • Key outstanding issues for managers and funds

Jean-Pierre Gomez, Head of Regulatory and Public Affairs, Société Générale Securities Services
Sandrine Leclercq,
Counsel, Baker & McKenzie
John Bohan,
Managing Director Europe and Middle East, Alex Fund Services (Ireland) Limited 

 

17.10 - Closing remarks from the Chair

 
17.15 - Close of Day One


Day 2 – 25th February 2015

 
08.30 - Morning refreshments

 
09.20 - Opening remarks from the Chair 
Michelle Moran
, Partner, Ropes & Gray

  
09.30 - Country update: Latest on managing and operating AIFs

  • How has the AIFM Directive been implemented – what additional features have been added?
  • Update on the authorization campaign and the passport notification mechanism
  • Balancing the key competing interests of the market with investor protection

Jonathan Sammut, Analyst, Securities and Markets Supervision Unit, Malta Financial Services Authority

 
10.00 - Key considerations in marketing alternative investment funds in Europe

  • What is marketing and what is not?
  • Are costs of AIFMD compliance deterring non EU managers?
  • Reverse solicitation vs. active marketing under AIFMD

Lucy Frew, Financial Regulatory Partner, Kemp Little

 
10.30 - What Does the Future Hold for Private Placement Regimes?

  • Private placement regimes now and after 2015
  • Practicalities and costs of marketing to member states of funds domiciled outside the EU
  • Depositary, transparency and disclosure requirements 
  • Update on cooperation agreements between national regulators

 
11.00 - Coffee Break 

 
11.30 - How to manage leverage and systemic risk in AIFs

  • Systemic risk and the AIFMD approach to leverage
  • Approaches to be used in the calculation of leverage and exposure of an AIF – assessing the commitment vs. gross methods
  • Reporting leverage to the home regulator - what information needs to be included?
  • Setting leverage limits – what constitutes reasonable?
  • The role of the home regulator in deciding when to impose leverage limits or other restrictions

 
12.00 - Perspectives: Fund structuring issues and opportunities for AIFMs in the coming years

  • How to design a coherent fund structuring strategy in the post AIFMD world.
  • What will be the impact for Third Country (ie Non-EU) Managers and Funds?
  • Will it be possible to use offshore domiciles for funds and what are the alternatives?
  • Grandfathering - How will existing funds be impacted?
  • How to cope in the short, medium and longer term?

Paul Govier, Managing Partner, London, Maples and Calder

 
12.30 - Q&A

 

12.40 - Close of Conference



  • Featuring key presentations from industry leaders including:

    • Elva Martin, Senior Regulator, Markets Policy Division, Central Bank of Ireland
    • Jonathan Sammut, Analyst, Securities and Markets Supervision Unit, Malta Financial Services Authority
    • Vincent Ingham, Director, Regulatory Policy, European Fund & Asset Management Association (EFAMA)
    • Denise Jud, Executive Director, Head Legal Distribution, Swiss & Global Asset Management Ltd
    • James Bermingham, Director and General Counsel, Aztec Financial Services
    • Alexander Nightingale, Director, Legal & Compliance, BlackRock
    • Roman Hackelsberger, Chief Legal Officer EMEA, Deputy General Counsel, PineBridge Investments
    • Leonard Ng, Partner, Sidley Austin LLP
    • Jean-Pierre Gomez, Head of Regulatory and Public Affairs, Société Générale Securities Services
    • Sandrine Leclercq, Counsel, Baker & McKenzie
    • John Bohan, Apex Fund Services, Apex Fund Services (Ireland) Limited
    • Lora Froud, Senior Counsel – Investment Management Group, Macfarlanes LLP
    • Tim Wright, Director, PricewaterhouseCoopers
    • Anna Berdinner, Regulatory Analyst, Asset Management Regulation, The Alternative Investment Management Association (AIMA)

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Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.








 
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