Charles de Boisriou

🚨 Luxembourg Regulator Issues New Recommendations for Portfolio Management Delegation by Luxembourg fund managers🚨 The CSSF has released findings from its 2021-2024 review of portfolio management (PM) delegation practices among Luxembourg-based investment fund managers (IFMs). The report concludes that most PM arrangements align with the Luxembourg delegation framework and offers recommendations to enhance compliance. This report provides IFMs and their delegates with a roadmap to strengthen compliance practices, supporting improved oversight within Luxembourg’s fund management framework. Read more on our website here: https://lawand.tax/4f00RuQ #lawandtax #fund #cssf #regulatory #investmentmanagement #luxembourg

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✨ Deal Announcement ✨ Ecovis Advisory Morocco, previously Seven 11 Partners, is proud to have acted as the exclusive financial advisor to the shareholders of Imperium Holding Group, a global leader in luxury tea and infusion packaging, to obtain a joint investment of €25 million from Proparco along with SI AD and the Danish Investment Fund for Developing Countries IFU to support the group’s ambitious development plans and drive positive social and environmental impact. This transaction marks a significant milestone for Imperium Holding Group as it will allow them to expand their production capabilities and further their integration strategy, enabling the Group to continue offering their clients the most flexible, distinctive, and sustainable tea packing solutions. It strengthens their position as a reliable and innovative partner for premium tea brands, providing them with a unique competitive advantage in an increasingly dynamic market. #ImpactInvesting #ResponsibleInvestment #Fundraising #Africa #PrivateEquity #Investment #Sustainability #AfricaRising #BusinessGrowth #EmergingMarkets #MergersAndAcquisitions #Morocco #Finance #GrowthDrivers #Tea #Teapackaging #DFI #Industry

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Sooo, happy Friday! 🙏 Feel a bit of releaf from #nexus2050 emails? Commission de Surveillance du Secteur Financier (CSSF) published today a new Circular related to #gender #paygap and #diversity reporting and gues friquency of such for the entities in scope? Each 3 years. 3!!! First time I see such a reporting timeframe. ⏰ Circular is applicable starting from tomorrow and is accessible here: https://lnkd.in/eRPzU8XC So what I need to say: 💡I do know that there is a problem (small problem based on reporting timeframe which I don’t get how it correlates with ESG and CRDS reporting obligations), but I also know that my pension plan is blank for a period when I was on maternity leave. ✔️ Lesson learned: don’t believe man and don’t stay home for a benefit of someone’s pension plan. Otherwise arrange and document such benefiting. 💡What I also know is that men and women 🧠 function differentelly and women tend to connect too many things in one moment while jumping from left to right part of the brain cells. IT IS TIERI G! One of the sources: https://lnkd.in/eHwn3jyY. ✔️ Lesson learned: nap is a power🔋

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[🎬𝗠𝗲𝗲𝘁 𝗼𝘂𝗿 𝗠𝗲𝗺𝗯𝗲𝗿𝘀 𝘀𝗲𝗿𝗶𝗲𝘀 𝗹 𝗔𝗹𝘁𝗲𝗿 𝗗𝗼𝗺𝘂𝘀 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴] In this week’s episode, we sit down with Lukasz Malecki, Client Director and Erlir Puto, UBO identification expert at Alter Domus for a compelling discussion about capital markets in Luxembourg and the benefits of a #LuxCMA membership. 👥 Lukasz takes us through Alter Domus' five-year journey with our association and shares the latest topics currently shaping the financial landscape. 🌐 Meanwhile, Erlir dives into the tangible advantages of being part of the LuxCMA community and how it empowers professionals in the industry. 🎥  https://lnkd.in/e_YUFQk6 💼 𝗔𝗯𝗼𝘂𝘁 𝗔𝗹𝘁𝗲𝗿 𝗗𝗼𝗺𝘂𝘀 With 1,100 professionals in Luxembourg alone and over 5,000 globally, the Alter Domus team is driven by a deep understanding of what it takes to succeed in alternatives. Alter Domus is able to meet and anticipate the ever-changing needs of investment managers and asset owners worldwide; mitigating risks, reducing costs, creating efficiencies, and ultimately driving growth. #LuxCMA #LuxCMACommunity #MeetOurMembers #AlterDomus #Luxembourg #CapitalMarkets

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External assurance plays a key role in enhancing trust and confidence in financial and non-financial reporting. The Public Interest Oversight Board | PIOB certificified on November 12th the International Standard on Sustainability Assurance - #ISSA5000 general requirements developped by the International Auditing and Assurance Standards Board (IAASB) ! This significant milestones for ESG reporting Assurance, opening the way for the a forthcoming EU Assurance standards for #CSRD Assurance.

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I’m thrilled to deliver the keynote speech next week at Transaction Regulatory Reporting Conference 🎤 💡We took the opportunity to look at the untapped potential of turning regulatory compliance into a positive source for companies. Rather than viewing regulations only as a burden, we explore how embracing #EMIRRefit and #EMIR3 to unlock opportunities. Looking forward to contributing to the conversation and exchanging ideas with industry leaders and data experts. #EMIRRefit #EMIR3 #Compliance #RegultoryReporting #Growth

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Private equity remains a key building block for pension schemes While allocations vary, pension funds value solid returns and private equity’s role as a diversifier #privateequity Ageas Pensões ERAFP (Établissement de Retraite additionnelle de la Fonction publique) Fondenergia Inarcassa https://ow.ly/kIRk50U506s

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🐝 Finance & biodiversity are definitely interconnected Listed impact investing has a crucial role to play in attracting capital to companies committed to biodiversity. 💡 More than 50% of global GDP depends on biodiversity. Given the convergence of these challenges, all sectors of the economy need to embark on the path of transition. Innovative players and daring impact investors are seizing this central challenge, like #LFDE. As a pioneer of listed impact investing in France, we support European companies that contribute to carbon neutrality and the preservation of biodiversity. 🌳 Read our analysis here below in French

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Happy to share AEFR answer to the EBA consultation on ESG guidelines, provided on the back of our november 2023 debate paper : Transition plans are a crucial tool to enable transition finance, and build trust in ESG commitments. However, the EBA proposal to define a "prudential transition plan", separate from the "non-prudential" transition plan already provided for in CSRD and CSDDD, makes no sense, and unfortunately adds further confusion to the already very complex EU ESG regulatory framework. For a given financial institution, there can be only ONE transition strategy, ONE transition business plan, ONE set of scenarios, metrics and targets, ONE ESG governance underpinning them. Instead of "reinventing the wheel", the EBA should focus on how to incorporate the transition plan, as defined in CSRD, in the risk management framework, ie how transition plans can inform ESG risk analysis, scenarios analysis, including providing guidance on the transmission channels of ESG risks to potential financial losses. At the margin, additional or more granular risk-related metrics may be necessary for supervisionbpurposes, as an additional, undisclosed, building block. Along those lines, transition plans should be approached as ESG risk mitigants, and be reflected in the dynamic balance sheet approach to assess medium and long term vulnerabilities.

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[PRESS ARTICLE] 🏦 Fund Financing: Investors in the Spotlight As the realm of fund finance evolves, the role of investors becomes increasingly pivotal, be it in the subscription line world but also in the NAV world. In this month’s edition of AGEFI, Melinda Perera and Thibaud Muller explore the dynamics between investors, General Partners, and lenders, throughout the main types of fund financings. Key insights include: ✔ Improved due diligence for lenders regarding rights of investors and restrictions affecting investors. ✔ Enhanced transparency and reporting demanded by investors in the context of NAV financing. For detailed analysis and expert recommendations, read the full article 👇 https://lnkd.in/dqYbGgA #FundFinancing #Investors #AGEFI

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[Video | Expert answers | Navigating asset allocation, asset management and sustainability strategies] 📹 We're delighted to share the video shot at the conference dedicated to the strategy around #AssetAllocation, #AssetManagement and #sustainability / #ESG aspects, co-organized with PwC Luxembourg. Here is a look back at the event, where we took the opportunity to ask a question to the speakers 💡 🔹 In the context of ESG, as a development company, how do you see the evolution of the Real Estate development ? Julie Willem, International Executive Manager and ArchiLab Director, Atenor 🔹 In an ESG context and as a building architect, could you explain one solution you brought to the future PwC Luxembourg headquarters project? 𝐘𝐚𝐧𝐧𝐢𝐜𝐤 𝐀𝐝𝐚𝐦, Architect - Partner, Moreno Architecture 🔹 As an Asset Manager, could you explain the importance of working on restructuring buildings. Philippe Renaux, Co-founder, Limestone Investors 👏 We would like to extend our warmest thanks once again to our speakers for sharing their expertise and taking part in this video. Follow us on YouTube 👉 https://lnkd.in/evPQajwp 📸 Picture report of this event 👉 https://lnkd.in/ea54wA-S Photo and video credit: Olivier Minaire Photography ✦ #LuxReal #LuxembourgRealEstate #Taxonomy #RealEstate 

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📢 Calling All Luxembourg Fund Industry Professionals: We need your collaboration and contribution! In collaboration with PwC Luxembourg, we are currently conducting the 12th edition of the 𝗙𝘂𝗻𝗱 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗦𝘂𝗿𝘃𝗲𝘆, and we need YOU to participate. Your insights are invaluable in helping us understand governance practices in the #Luxembourg Fund industry and shape the future of #Fund governance. By completing this survey on behalf of your Fund, you’ll contribute to: 🔹Reviewing current governance practices within the industry 🔹Identifying key trends and challenges 🔹Driving positive change and innovation Your participation is crucial for a comprehensive and impactful study. The survey is open until 𝟰 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟰, with the findings being released on the ILA & PwC Annual Fund Day 2025. You can request to receive your own personalised benchmarking report, showing you and your fellow Board members where your Fund sits in comparison to other Funds. 𝘛𝘰 𝘰𝘣𝘵𝘢𝘪𝘯 𝘺𝘰𝘶𝘳 𝘴𝘶𝘳𝘷𝘦𝘺, 𝘱𝘭𝘦𝘢𝘴𝘦 𝘳𝘦𝘲𝘶𝘦𝘴𝘵 𝘺𝘰𝘶𝘳 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭𝘪𝘴𝘦𝘥 𝘭𝘪𝘯𝘬 𝘧𝘳𝘰𝘮 Andrea Montresori - 𝘢𝘯𝘥𝘳𝘦𝘢.𝘮𝘰𝘯𝘵𝘳𝘦𝘴𝘰𝘳𝘪@𝘱𝘸𝘤.𝘭𝘶. 𝘐𝘧 𝘺𝘰𝘶 𝘴𝘪𝘵 𝘰𝘯 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘍𝘶𝘯𝘥𝘴, 𝘺𝘰𝘶 𝘸𝘪𝘭𝘭 𝘩𝘢𝘷𝘦 𝘵𝘰 𝘳𝘦𝘲𝘶𝘦𝘴𝘵 𝘰𝘯𝘦 𝘭𝘪𝘯𝘬 𝘱𝘦𝘳 𝘍𝘶𝘯𝘥. Thank you for your time and valuable contribution. #FundGovernance #Survey #Governance #FundGovernanceSurvey

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On 29 March 2024, the Commission de Surveillance du Secteur Financier (CSSF) issued Circular 24/856, which repeals Circular 02/77 and introduces updated guidelines for the investment fund industry. This new circular, effective from 1 January 2025, aims to enhance investor protection and incorporate the latest regulatory and market practices. Read the key takeaways: https://ow.ly/3Uzc50S1U6n #oneiqeq #cssf #guidelines Kristina Filipovic, Gautier Despret, FRM, ACCA, CAIA, Femy Mouftaou, Julie van Cleemput, Loic Guillermet

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[𝐍𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫] 𝐅𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 [#RegCentre] Introducing the latest quarterly newsletter from Mazars that allows subscribers to stay updated on latest financial regulations. This issue covers the European Central Bank's top priorities for 2024, the progress of the #digitaleuro, the role of Independent non-executive directors (INEDs) across different jurisdictions, and top risks for the financial services sector this year. To read more, subscribe here: http://maza.rs/6040chLto #FinancialServices #FSregulatoryinsights #FSnewsletter

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🔔 Commission de Surveillance du Secteur Financier (CSSF) feedback on supervision of delegated portfolio management functions The CSSF has issued a thematic review on the delegation of portfolio management functions by investment fund managers, setting out the CSSF's feedback following a multi-year review of investment fund managers' supervision of delegated portfolio management functions under the UCITS and AIFMD frameworks.   Alongside the feedback, the CSSF has invited investment fund managers to perform a comprehensive assessment of how they monitor delegated portfolio management functions in light of the observations set out in the CSSF's thematic review and applicable regulatory requirements. This assessment is expected to be performed by fund managers before the end of Q1 2025.    The CSSF's thematic review may be accessed here 👉 https://lnkd.in/d-Y8vhzc

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👀 Did you miss the 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐅𝐨𝐫𝐮𝐦 𝟐𝟎𝟐𝟒 yesterday? The replay is available here 👉 https://lnkd.in/e4EfGCvt Our Head Emilie Allaert and Rhomaios Ram, shared their expertise on "𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐲𝐢𝐧𝐠 𝐠𝐥𝐨𝐛𝐚𝐥 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐰𝐢𝐭𝐡 𝐃𝐋𝐓". The conference organise by Luxembourg for Finance gathered key players in the #digitalfinance field who explored #DLT’s effect on the global payments sector, the role of #digitalassets in capital markets, regulating #crypto, the outlook for PSD3, #AI’s effect on the industry and banks’ #cybersecurity readiness. Fnality International, Martin Watkins, Biba Homsy, Ami Nagata, John Cronin, Aurélie Zambeaux, Chris Hollifield, Judith Bogner, Infrachain, The LHoFT - Luxembourg House of Financial Technology, LëtzBlock - Luxembourg, SnT, Interdisciplinary Centre for Security, Reliability and Trust, Luxembourg Institute of Science and Technology (LIST), The Luxembourg House of Web3, Laurent Marochini, Marina Baudéan, Franck A. Willaime, Jacques Bortuzzo, Adnan Imeri, PhD

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What are the various aspects of responsible banking and what are the challenges faced by banks? In this interview, Aude Payan and Elena Fuzzi, respectively Director and Senior Manager in Risk Consulting and in charge of ESG services for credit institutions at KPMG Luxembourg provide detailed insight and examples for innovative strategies for financial institutions to advance ethical banking standards. Read the interview here: https://ow.ly/nPAW50SNShP

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Its a deal in two halves. First Half successfully completed. Watch the space for the Second Half #dealmaking #MBO #equity #sharebuyback #transaction #mergeracquisitions #capitalmarket. This deal brings the regional investors closer: #Mauritius and #Kenya

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