The Commission de Surveillance du Secteur Financier (CSSF) permits Management Companies (ManCos) to delegate a range of functions to third parties where this increases efficient conduct, but the CSSF clearly state that responsibly for delegated functions remains with the ManCo.
All delegated functions must be strictly managed and controlled. The Association of the Luxembourg Fund Industry (ALFI) have detailed a range of processes, procedures, processes and controls a ManCo should operate to ensure full compliance with the CSSF regulations.
Our ManCo outsourcing solution enables the ManCo to ensure they have implemented and operated in accordance with the ALFI recommendations.
For more information on the GRC-Maestro Platform click here.