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conference participants were “newcomers”
which testifies that TA certainly is an appealing
topic. All subject matters discussed during the
conference were timely, and the conference
organisers aimed to provide participants with
the maximum of thought provoking insights.
Product convergence of UCITS and
Alternatives Investment funds was in the heart
of the discussion. Investors’ priorities are
constantly evolving, especially in the zero interest
rate world. We see that Real Estate and
Private Equity funds are in the leading position
rather than more traditional UCITS. FinTech &
new technology developments are already
hugely impacting the operating models of all
actors of the investment fund value chain.
Cross border distribution is by definition the
nature of TA business and flexibility is part of the
TA’s DNA. The distribution markets developments
are aconstant, with additional emerging
markets in Latin America, such as Colombia,
now joining the fray for Luxembourg domiciled-funds.
No later than a few days ago, ALFI
successfully negotiated an exemption from the
obligation to hold an Australian financial services
(AFS) licence to provide financial services in
Australia. This relief will enable Australia’s institutional
investors, including superannuation
funds, to get easier access to Luxembourg
UCITS. This news will definitely influence the
global TA business model!
Josée-Lynda Denis
And of course, let’s not forget the evolving
regulatory requirements and market developments
in the fund space. How will the regulations
such as MIFID II, PRIIPS or the proposed
Target2Securities (T2S) platform apply to your
TA business?
TA transformation is already happening now.
You better be ready!
Communiqué par Josée-Lynda Denis,
Chairman of the ALFI TA Steering Committee
Source photo: ALFI
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