Thu 29 Jan 2015
News - All you need to know about Fund Governance
Description
Fund Governance: practices are strong in Luxembourg
PwC and ILA publish research on Luxembourg fund industry governance standards
Governance practices have improved in the Luxembourg funds industry according to the 7th edition of the Luxembourg Fund Governance Survey, released by PwC Luxembourg and ILA during a dedicated conference at Crystal Park on 21 January 2015. The research takes an in-depth look at governance practices within management companies and investment funds domiciled in Luxembourg.

Commenting on the survey, John Parkhouse, ILA Fund Committee Chairman and PwC Luxembourg Deputy Managing Partner, says: “Fund governance has long been a priority for the Luxembourg fund industry with a focus on robust oversight and investor protection. Once again, the high response rate underscores the central role governance plays in the Luxembourg fund industry.”

The survey findings were presented during the ILA and PwC Fund Day which brought together nearly 200 ILA members, fund board directors and industry representatives. During this milestone event, industry experts shared their views on the regulatory landscape, governance frameworks and the latest professional standards in the fund industry.

It was also the opportunity for ILA to present the updated version of its FAQ for Directors of regulated Funds This document represents a comprehensive and best efforts guide to the key aspects of governance as it relates to Luxembourg funds and has been widely viewed as an invaluable tool for directors of all levels of experience.

Should you need to know more about Fund Governance, look at our training program available for Fund Directors:

Role & Responsibilities of Fund Directors - level 2

Role & Responsibilities of Fund Directors - level 1

ILAPwC Fund Day 2015 paperjam 28.01.15