{"id":3316,"date":"2026-09-24T09:15:15","date_gmt":"2026-09-24T07:15:15","guid":{"rendered":"https:\/\/easylearning.eu\/?post_type=product&#038;p=3316"},"modified":"2026-09-24T09:26:56","modified_gmt":"2026-09-24T07:26:56","slug":"18-698","status":"publish","type":"product","link":"https:\/\/easylearning.eu\/en\/product\/18-698\/","title":{"rendered":"Organisation &amp; Substance (CSSF Circular 18\/698)"},"content":{"rendered":"<p>This training entitles the participant to a certificate of participation issued by an approved professional training organisation under the number 10060172\/3.<\/p>\n<p><strong><span style=\"color: #07a9d6;\">Goals<\/span><\/strong><\/p>\n<ul>\n<li><strong>Understand the main organisational and governance requirements<\/strong> applicable to Investment Fund Managers (IFMs)<em>under CSSF Circular<\/em>18\/698.<\/li>\n<li><strong>Identify the human, technical and financial substance requirements in Luxembourg<\/strong>, as well as the responsibilities of governing bodies and key functions.<\/li>\n<li><strong>Understand the internal control framework<\/strong>, the requirements applicable to delegation and the three lines of defence model.<\/li>\n<\/ul>\n<p><strong><span style=\"color: #07a9d6;\">Program<\/span><\/strong><\/p>\n<ul>\n<li><strong>Scope and Regulatory Framework of CSSF Circular 18\/698<\/strong>\n<ul data-spread=\"false\">\n<li>Entities in scope and interaction with the UCITS and AIFMD frameworks<\/li>\n<li>CSSF authorisation<\/li>\n<li>Ongoing supervision and notification requirements<\/li>\n<\/ul>\n<\/li>\n<li><strong>Governance and Management Bodies<\/strong>\n<ul data-spread=\"false\">\n<li>Role and responsibilities of the Management Body<\/li>\n<li>Conducting Officers<\/li>\n<li>Four-Eyes Principle<\/li>\n<li>Fit &amp; Proper requirements<\/li>\n<li>Qualifying shareholders and professional standing<\/li>\n<\/ul>\n<\/li>\n<li><strong>Human, Technical and Financial Substance in Luxembourg<\/strong>\n<ul data-spread=\"false\">\n<li>Staffing, expertise and presence in Luxembourg<\/li>\n<li>Central administration and effective decision-making<\/li>\n<li>Premises, information systems and business continuity<\/li>\n<li>Initial capital and own funds requirements<\/li>\n<\/ul>\n<\/li>\n<li><strong>Organisation of the IFM's Key Functions<\/strong>\n<ul data-spread=\"false\">\n<li>Portfolio Management<\/li>\n<li>Permanent and independent Risk Management function<\/li>\n<li>Central Administration<\/li>\n<li>Asset Valuation<\/li>\n<li>Marketing and complaints handling<\/li>\n<\/ul>\n<\/li>\n<li><strong>Delegation of Functions<\/strong>\n<ul data-spread=\"false\">\n<li>Principles and conditions governing delegation<\/li>\n<li>Continued responsibility of the IFM<\/li>\n<li>Substance requirements and prohibition of Letterbox Entities<\/li>\n<li>Delegate Due Diligence<\/li>\n<li>Contractual framework, SLAs and KPIs<\/li>\n<li>Ongoing monitoring and Exit Strategy<\/li>\n<\/ul>\n<\/li>\n<li><strong>Internal Control Framework: Three Lines of Defence<\/strong>\n<ul data-spread=\"false\">\n<li>First line: operational functions and first-level controls<\/li>\n<li>Second line: Risk Management and Compliance<\/li>\n<li>Third line: Internal Audit<\/li>\n<li>Independence, responsibilities and interaction between control functions<\/li>\n<\/ul>\n<\/li>\n<li><strong>Implementation, Documentation and Ongoing Oversight<\/strong>\n<ul data-spread=\"false\">\n<li>Internal policies and procedures<\/li>\n<li>Document governance<\/li>\n<li>CSSF reporting<\/li>\n<li>Organisational self-assessment<\/li>\n<li>Incident management and remediation plans<\/li>\n<li>Continuous improvement of the framework<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong><span style=\"color: #07a9d6;\">Duration<\/span><\/strong><\/p>\n<ul>\n<li>1h30<\/li>\n<\/ul>\n<p><strong><span style=\"color: #07a9d6;\">Language<\/span><\/strong><\/p>\n<ul>\n<li>French\/English<\/li>\n<\/ul>\n<p><span style=\"color: #00aae7;\"><strong>Practicalities<\/strong><\/span><strong><br \/>\n<\/strong><\/p>\n<ul>\n<li>Access sent within 24 hours<\/li>\n<li>100% online training accessible from computer, tablet and smartphone<\/li>\n<li>Certificate of participation issued by an approved professional training organisation under the number 10060172\/3.<\/li>\n<\/ul>\n<p><span style=\"color: #00aae7;\"><strong>Knowledge check<br \/>\n<\/strong><\/span><\/p>\n<ul>\n<li>Knowledge validation test at the end of each chapter<\/li>\n<\/ul>\n<p><span style=\"color: #00aae7;\"><strong>Learning method and pedagogy<\/strong><\/span><\/p>\n<ul>\n<li>Theoretical presentations &amp; practical cases<\/li>\n<li>Quizzes<\/li>\n<li>Animations, diagrams &amp; summaries<\/li>\n<\/ul>\n<p><span style=\"color: #00aae7;\"><strong>Group discounts<\/strong><\/span><\/p>\n<p>Send your request by email to constance@easylearning.eu<\/p>\n<ul>\n<li>Between 11 and 25 accesses: 10 % discount + free reporting<\/li>\n<li>Between 26 and 50 accesses: 15% discount + free reporting<\/li>\n<li>Between 51 and 100 accesses: 20% discount + free reporting<\/li>\n<li>100+ accesses: Ask for a tailor-made offer<\/li>\n<\/ul>\n<div data-extension-version=\"1.0.4\">\n<p><span style=\"color: #00aae7;\"><strong>Personalisation (Ask for a quote)<\/strong><\/span><\/p>\n<div data-extension-version=\"1.0.4\">\n<ul>\n<li>Add your logo to the course<\/li>\n<li>Add your internal documents (procedure, risk analysis, etc.)<\/li>\n<li>Add practical case studies specific to your sector<\/li>\n<li>Creation of tailor-made training courses<\/li>\n<\/ul>\n<\/div>\n<div data-extension-version=\"1.0.4\"><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Main requirements of CSSF Circular 18\/698 regarding the organisation, governance and substance of Luxembourg investment fund managers.<\/p>","protected":false},"featured_media":3318,"template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"product_brand":[],"product_cat":[222,195],"product_tag":[],"class_list":{"0":"post-3316","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-gov","7":"product_cat-toutes-les-formations","9":"first","10":"instock","11":"taxable","12":"shipping-taxable","13":"purchasable","14":"product-type-variable"},"_links":{"self":[{"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/product\/3316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/media\/3318"}],"wp:attachment":[{"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/media?parent=3316"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/product_brand?post=3316"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/product_cat?post=3316"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/easylearning.eu\/en\/wp-json\/wp\/v2\/product_tag?post=3316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}