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Regulations and Operational Compliance for Funds (London, United Kingdom - November 29, 2019)

  • ID: 4844674
  • Training
  • Location: London, United Kingdom
  • 1 Days
  • Eureka Financial
  • Training Dates: November 29, 2019
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Fund Managers together with their service providers need to ensure that their funds are operated in a compliant manner. However this is a greater challenge today than ever due to the increasing demands of regulation and the greater complexity of funds. Demands for increased efficiency and robust risk management processes only add to the complexity.

This practical one day workshop will equip you with the most up-to-date knowledge about the latest regulation requirements which apply to the operations of authorised funds.

You will have a chance to explore the impact of MiFID and the latest developments in UCITS Funds as well as the key regulations in the COLL sourcebook.

You will also learn about the transfer agency and fund accounting, concentrating on high risk areas where mistakes frequently occur, such as fund pricing and will examine case studies. Finally, you will work through the techniques and examples of “intelligent oversight” which can greatly simplify the identification and resolution of administration. Examples are provided of due diligence questionnaires and oversight reports.

What Will You Learn
By the end of this training you will:

  • Have a great understanding of all the major regulations affecting fund management today
  • Learn about UCITS Funds and the latest developments under UCITS V Directive
  • Assess the impact of MiFID 2
  • Explore the requirements of the key COLL regulations
  • Get a thorough understanding of processes required to provide effective fund oversight
  • Learn about the fund governance procedures
  • Understand the roles and responsibilities of all parties involved
  • Explore the development of effective controls for fund accounting
  • Understand the impact of the RDR - Retail Distribution Review
  • Learn how to manage risks and set up appropriate compliance monitoring frameworks including high risk areas in fund accounting and transfer agency
  • Explore the fund pricing errors and investment and borrowing power breaches
  • Learn about the challenges of overseeing offshore funds
  • Learn how to structure third party agreements and oversee third parties
  • Understand the aspects of particular concern from the FCA

Main Topics Covered During This Training

  • UCITS Directives and AIFMD
  • Impact of MiFID 2 on fund management
  • Key COLL regulations
  • Main parties involved
  • Fund governance
  • Fund documentation
  • Fund administration - the Transfer Agent and accountant
  • Developing effective control environment for fund accounting
  • Pricing errors
  • Investment & borrowing powers of UCITS vs NURS funds
  • The RDR & share classes
  • Oversight of offshore funds
  • Third party agreements and oversight
  • Risk management and compliance
  • FCA Review of Outsourcing Oversight
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The Key Regulations


The main parties

Fund governance

Fund documentation

Fund administration - the Transfer Agent

Fund administration - the Fund Accountant

The RDR and Share Classes

Controls over valuation of individual securities

Pricing errors

Investment & Borrowing Powers

Offshore funds

Third party agreements

Risk management

Compliance monitoring

Oversight of Third Parties

FCA Review of Outsourcing Oversight

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Vivien is a management consultant with 26 years experience of transfer agency, fund administration and wealth management. She received her formal education in South Africa and immigrated to the UK in 1999 where she collectively held various senior roles in investment/fund administration firms, until she undertook her own consultancy practice 10 years ago.

Prior to setting up her own specialist fund administration consultancy, Vivien spent many years as a project manager for system selections and integrations, platform migrations, fund launches and wind-ups and custody migrations. She joined Smith & Williamson Fund Administration in 2000 where she vastly improved process and automation to manually intensive OEIC/Unit Trust operations over a period of 7 years.

Vivien held the role of Head of Operations in multiple firms both in South Africa, notably RMB Asset Management, and then in the UK at Smith & Williamson, and was instrumental in expanding the SA enterprise vastly over a period of 12 years, including a full firm rebranding. 

For the last 10 years Vivien has worked as a business and management consultant with many of the leading managers to implement fund administration services in the UK. She has worked with well known clients across the asset management industry on a range of diverse projects listed above, and also including regulation implementation in the form of EMIR, AIFMD, Form PF, FATCA/CRS, SFTR, MIFID I and II and UCITS I-V.

She is a Chartered Fellow of the Chartered Institute for Securities and Investments and holds status of MSCI. Attaining full Member status indicates a high level of knowledge in financial services as well as a commitment to the principles of professionalism, integrity and excellence. It is both a sign of achieving a higher level financial qualification, and of a desire for professional development.

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The course is relevant for Managers and Team Members from the Fund Management, Investment Banking and Institutional Investors and third party  with the following background:

  • Fund Management
  • Fund Oversight
  • Fund Administration and Governance
  • Internal Audit
  • Risk Management
  • Lawyers
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United Kingdom

Venue to be announced shortly.

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