AIFMD Operational Compliance by Storm-7 Consulting

AIFMD

Operational Compliance Update

ABOUT THE AIFMD

COURSE PROGRAMME

ABOUT THE TRAINING COURSE

The AIFMD: Operational Compliance Update

training course seeks to expertly train attendees on all relevant aspects of the AIFMD regulatory compliance framework. Attendees will be instructed on all key AIFMD requirements, and will also be provided with operational, technological, and strategic perspectives on AIFMD internal compliance frameworks. This will include detailed guidance on AIFMD strategic implications such as the impact of Brexit on AIFMD operations, as well as detailed guidance on the requirements for AIFMD Annex IV Reporting. AFIMDs need to comprehensively understand the new leverage framework and risk exposure calculation methods (commitment, gross), how to calculate Assets Under Management (AUM), and how to source all data required (i.e. investor data, positions data, trading data, liquidity risk data) for reporting purposes.

The Alternative Investment Fund Managers Directive (AIFM) (2011/61/ EU) was introduced into the European Union (EU) on 21st July 2011 and took effect on 22nd July 2013. It sought to create a harmonised regulatory framework for the management and marketing of venture apital, private equity, and other investment funds. The AIFMD sought to provide a set of common rules that govern the authorisation, organisation, and supervision of Alternative Investment Fund Managers (AIFMs) who manage Alternative Investment Funds (AIFs). In addition, it put in place rigorous requirements for AIFMs in order to limitsystemic risk, bolster investor protection, and ensure that there were robust internal risk management practices employed by AIFMs. Additionally, the AIFM allowed AIFMs to benefit from a passport to manage, promote, and market AIFs across the EU single market.

SESSION 1: THE AIFMD REGULATRY FRAMEWORK – PART I • AIFM Firms (Hedge Funds, Private Equity Funds, Retail Investment Funds, Investment Firms, Real Estate Funds); Regulated AIFMs (EU AIFMs, non-EU AIFMs); Thresholds (€100 Million; €300 Million); Full Scope AIFMD Authorisation; Exemptions. • AIFMD Requirements (Initial Capital, Own Funds); General Operational Conditions. • Remuneration; Conflicts of Interest; Risk Management; Liquidity Management; Investment in Securitisation Positions. • AIFM Organisational Requirements (General Principles, Valuation); Delegation of AIFM Functions.

SESSION 3: AIFMD STRATEGIC IMPLICATIONS SESSION 2: THE AIFMD REGULATORY FRAMEWORK – PART II • Depository Functions (Asset Safekeeping, Asset Administration, Fund Operational Control);Depositories (Eligible, Third Country); AIFMD Depository Regimes. • AIFM Transparency Requirements (Annual Report, Disclosure to Investors, Competent Authority Reporting), Valuation; Fund Assets; Exposures. • AIFs managing Leveraged AIFs; AIFs controlling Non-Listed Companies and Issuers; AIFMD Asset Stripping Rules. • AIFM Marketing and Management Rights; Non-EU AIFMs; Third Country Rules.

• AIFMD Implementation Challenges (Depositories, Data Management, Risk Management, Liquidity Management, Valuation Rules and Policies, Leverage). • Third Country Passport Positive Advice (Canada, Japan, Jersey, Guernsey, Switzeland), Third Country Passport Qualified Assessments (Australia, Hong Kong, Singapore, United States). • The AIFMD Landscape, Post-BREXIT (Marketing Passport, Non-EU Passports, National Private Placement Regimes (NPPRs), Analysis of EU Member State NPPRs). • A Review of Alternative UK Jurisdictions (Dublin, Luxembourg, Adequate Substance, Minimum Capital), Strategic Review of Third Party Management Firms.

SESSION 4: AIFMD ANNEX REPORTING AND REPORTING TECHNOLOGIES • AIFMD Annex IV Reporting (Operational Information, Stress Tests, Guarantees, Concentrations; Counterparty Exposures); Investor Statements (Quarterly, Annually). • European Securities and Markets Authority(ESMA) AIFMD Reporting Guidelines. • Reporting Workflows; Mapping; Testing; Validation Procedures; Static Data; Dynamic Data; Qualitative Business Information; Investment Strategies (Codes, Flags, Net Asset Value (NA). • A Review of Outsourced AIFMD Annex IV Reporting Technology Providers.

ABOUT THE VENUE Etc Venues, Avonmouth House, 6 Avonmouth Street, Lodon SE1 6NX. A short walk from Borough and Elephant and Castle underground stations, Avonmouth House is located in the vibrant Southwark area of South London. Their 14 rooms come with state-of-the-art AV equipment and all the essential tools that any attendee will need, as well as natural daylight to keep attendees stimulated and air conditioning to keep attendees comfortable. In addition to the main rooms, there are five smaller rooms for breakout sessions, interviews or meetings. There is also a dedicated trainer’s room equipped with telephone, PC and internet access. Etc Venues’ team of in-house chefs prepare a range of delicious options from healthy brain food to tasty treats. Both levels of the building are fully accessible for those with mobility issues and all the rooms have induction loops. Free car parking is available in front of the building by prior arrangement. The venue has 2 floors; 14 rooms; with room capacities up to 150; 18 years of experience; public sector specialists;

RODRIGO ZEPEDA is Co-Founder and Managing Director of Storm-7 Consulting. He is an expert consultant who specialises in derivatives and banking and financial services law, regulation, and compliance. He is an expert in a verybroad range of regulatory compliance frameworks such as FATCA, the OECD CRS, MiFID II, MAD 2 MAR, PSD2, CRD IV, Solvency II, OTC Derivatives, CCP Clearing, PRIIPs, BRRD, AML4, and the GDPR. He holds a LLB degree, a LLM Masters degree in International and Comparative Business Law, and has passed the New York Bar Examination. He was an Associate (ASCI) of the Chartered Institute for Securities & Investment from 2004 to 2014 and is now a Chartered Member (MSCI). He has created and delivered numerous conferences and training courses around the world such as ‘FATCA for Latin American Firms’ (Santo Domingo, Dominican Republic, Panama City, Panama), ‘MiFID II: Regulatory, Risk, and Compliance (London), and EXPERT ‘Market Abuse: Operational Compliance’ (London), ‘AEOI (FATCA & TRAINER CRS)’ (Manama, Bahrain). He has also delivered numerous In-House PROFILE Training Courses around the world to major international financial institutions such as The Abu Dhabi Investment Authority (MiFID II: Operational Compliance, Abu Dhabi, the United Arab Emirates), the United Nations Principles of Responsible Investment (MiFID II: Final Review, London), CAF, the Development Bank of Latin America (Swaps and Over-the-counter Derivatives, Lima, Peru), Rothschild Investment Management (UK) Limited (AEOI (FATCA & CRS), London) and Bethmann Bank AG (MAD 2 MAR, Frankfurt). He is a Reviewer for the Journal of Financial Regulation and Complianceand has also published widely in leading industry journals such as the Capco Institute’s Journal of Financial Transformation, the Journal of International Banking Law and Regulation, as well as e-books on derivatives law. Noted publications include “Optimizing Risk Allocation for CCPs under the European Market Infrastructure Regulation”; “The ISDA Master Agreement 2012: A Missed Opportunity”; “The ISDA Master Agreement: The Derivatives Risk Management Tool of the 21st Century?”; “To EU, or not to EU: that is the AIFMD question”; and “The Industrialization Blueprint: Re-Engineering the Future of Banking and Financial Services?”.

ABOUT STORM-7 CONSULTING Storm-7 Consulting is an international consulting company that provides premier intelligence, insight and support to global financial institutions. We provide cutting-edge conferences, events, public training courses, and in-house training courses to leading firms globally. We provide expert regulatory compliance training covering areas such as GDPR, MiFID II, AEOI (FATCA & CRS), MAD 2 MAR (Market Abuse), CRD IV, PRIIPs, Solvency II, PSD 2, CCP Clearing, AML/CFT, Stress Testing, and the Senior Managers and Certification Regime. We provide unique and highly innovative marketing services to firms operating in the banking, financial services, Regulatory Technology (RegTech), and Financial Technology (FinTech ) sectors. We have received enquiries and bookings from leading firms around the world, such as the Abu Dhabi Investment Authority, Rothschild Investment Management (UK) Limited, Dubai Financial Market, CAF the Development Bank of Latin America, the Central Bank of Ireland, the Central Bank of Russia, APG Asset Management, Royal London Asset Management, Brandes Investment Partners, Eversheds, Erste Group, Millenium Information Technologies, Deutsche Bank, Bethmann Bank AG, ICBC Standard Bank, Gulf International Bank, Raiffeisen Bank International AG, and BGC Partners. We have collaborated with firms around the world, such as the United Kingdom Financial Conduct Authority, Thomson Reuters, Sopra Steria, Sungard, Capco, OTC Partners New York, IHS Markit, Eze Castle Integration, ICMBA Centre, Sybenetix, Heriot WattUniversity, JP Morgan Asset Management, Custom House Global Fund Services, Cass Business School, Rixtrema, Solum Financial, D2 Legal Technology, Eurekahedge, Financial IT, HedgeConnection, AlphaJournal, ATMonitor, HF Alert, and CrowdReviews.

KEY BENEFITS • Attendees will be provided with an examination of the latest EU AIFMD strategic implications. • Attendees will benefit from a much more in-depth understanding of AIFMD Annex IV Reporting, as well as a comprehensive understanding of the offerings from AIFMD Annex IV Reporting Technology Providers.

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• Attendees will be expertly trained in all the most relevant areas covering the AIFMD regulatory compliance framework. • Attendees will benefit from highly comprehensive training course manual, training course supporting materials manual, and four PowerPoint presentations.

WHO IS THE COURSE SUITABLEFOR?

TEL: UK+44(0)20 78460076 EMAIL: client.services@storm-7.com WEB: www.storm-7.com

Compliance Analysts Compliance Officers Front Office Professionals Heads of Compliance Heads of Risk Hedge Fund Professionals Investment Fund Professionals Private Equity Professionals Regulatory Analysts Retail Investment Fund Professionals Risk Officers Venture Capital Professionals

VENUE REFRESHMENTS • Free WIFI • Room controlled A/C • High-tech data projectors • • Continental breakfast • Three course restaurant lunch •

• Stationery and flipcharts •Natural daylight • Free-flow coffee and tea • • Chilled filtered water • Pastries, biscuits, snacks •