On May 20, 2025, the CNPD participated in the annual seminar of the Association of the Luxembourg Fund Industry (ALFI), dedicated to Conducting Officers in the investment fund sector. Organized under the theme “Created by COs for COs – Navigating Challenges”, the event brought together high-level experts to discuss major developments shaping the industry.
Marc Lemmer from the CNPD presented the authority’s current activities, while highlighting the growing challenges related to data protection and its interactions with the fund industry.
Key topics addressed during the seminar included:
- The evolution of Conducting Officers’ operational models, with a focus on strengthening oversight.
- The integration of ESG and sustainability criteria into management practices.
- Operational resilience in the face of emerging risks.
- Best valuation practices under the AIFMD and UCITS frameworks.
- On-site tax inspections and their impact on governance.