The Directors' Office

When launching new funds in Luxembourg choosing Independent Directors who have already worked with many of the service providers can give you the insights you need for successful fund management. Good to hear from our lead partner Paul de Quant with his views.

It can be easy to take national security for granted, great to hear from our partner Carlo A Montagna with his reminder that Luxembourg's stability is an essential prerequisite for all of our business lives.

As we prepare for our annual reception next week. We are focusing on the many positive attributes that Luxembourg maintains for the benefit of the business community. Great to hear from our Partner Sheenagh Gordon-Hart MA BFP FCA with her views.

Many thanks to the team at ZEDRA especially Wim Ritz and Frank Walenta for the excellent event last night, where we were represented by our Partner Dominique Valschaerts l. Especially good to catch up with Luc Neuberg, PhD President of GFR.

🔍 Non-Profit Organizations: Enhanced Vigilance Against Money Laundering 📅 On May 30, 2024, the CSSF issued a critical communiqué regarding non-profit organizations and the fight against terrorism financing. ❓ The crucial question is: how many NPO directors, who are often not involved in financial services, have actually seen this communiqué? Here are the key points: 1/ Risk Assessments: Risk assessments published by the Ministry of Justice in 2022 indicate a high risk of terrorism financing for certain NPOs. 2/ 2/ Vulnerabilities: Donations received and the destination of funds should be closely watched. 3/ Increased Pressure: Banks are now required to closely monitor NPO activities and document the roles and responsibilities of governing bodies. In cases of doubt, they might even terminate their services. It is imperative for NPO directors to be aware of these risks and take proactive measures. Governance must extend beyond traditional obligations to include robust controls against money laundering and terrorism financing. What are your thoughts on this topic? 📖 Read the full press release here: https://lnkd.in/e2YBrEhq #Gouvernance #NonProfit #Compliance #AntiMoneyLaundering #ASBL #Fondations #CSSF #CharlesMuller

Waystone has grown to become the largest Third party ManCo in Ireland and the largest ACD in the UK following its acquisition of Link Fund Solutions (LFS) last year. Thanks to Denis Harty and Darren Gorman for organizing networking drinks last night, where we were represented by our partner Ernst-August Schnieder

Many thanks to the team at BCEE for hosting on their rooftop, excellent networking for their institutional clients. We were represented by our Partner Carlo A Montagna who was especially happy to catch up with Arnaud Eliaers RM at Spuerkeess

Europe is still digesting election results, meanwhile France navigates the rise of the right (and the success of the left!) and the UK a shift to the centre. What impact will this have on policy making for a Capital Markets Union across the EU? Our Partner Sheenagh Gordon-Hart MA BFP FCA has her say in the Funds Board Quarterly newsletter https://lnkd.in/eabv6krA

In what way are #ESG disclosure regulations making a difference as the economy transitions towards becoming more sustainable? Tomorrow, join our Partner and Chair of Eurosif - The European Sustainable Investment Forum, Nathalie Dogniez alongside PwC Luxembourg and the University of Luxembourg. To Register https://lnkd.in/eYPcES34

Are your #Funds named correctly? Read the thoughts and analysis of Nathalie Dogniez Partner at The Directors's Office on the European Securities and Markets Authority (ESMA)'s final report on #Fund names. https://lnkd.in/ex-Q-_YY