UCD Commercial Law Centre

Ionad an Léinn Dlí Tráchtála UCD

Annual International Funds Seminar 2008
No one involved in the financial services industry in Ireland whether directly, or as a professional adviser, needs to be reminded of the importance of the IFSC to the Irish economy. However, if the IFSC is to develop further and to retain its position in the global industry, the imagination and energy which characterised its early development needs to be maintained. At this seminar, a panel of distinguished participants in the sector will explore the opportunities and challenges which require to be addressed if forward momentum is to be realised. The seminar will focus on issues such as UCITS IV, the controversial proposal to introduce a management company passport, and its implications for Irish domiciled funds in light of the CESR Advice to the EC Commission, and the opportunities in marketing hedge funds and funds of funds outside the EU area. Given the unavoidable background of global financial turmoil from which the industry in Ireland is not insulated, the seminar will conclude with a panel discussion on the present and likely future impact of this unprecedented market turbulence on the funds sector in Ireland.
Date	Wednesday 5th November (8.15 a.m. – 1.00p.m.; breakfast from 7.30a.m.)
Venue	William Jefferson Clinton Auditorium (formerly University Industry Centre), University College Dublin, Belfield, Dublin 4. Located beside Car Park 3 (opposite athletics track). Vehicular access is possible only through Stillorgan Gate Entrance to UCD.
Cost	€400 (to include seminar materials and refreshments) 10% discount for three or more delegates from the same company on the same booking form.
Booking	The attached booking form must be completed and returned in order to reserve places.
CPD	4.5 Hours. Certificates of attendance will be provided
Contact	Tel: (01) 716 8763 Fax: (01) 269 3463 E-Mail: clc@ucd.ie

SEMINAR SCHEDULE
7.30 a.m. – 8.15 a.m.	Registration and Continental Breakfast
8.15 a.m. – 8.35 a.m.	Chairman’s Introduction William Slattery, Managing Director, State Street International (Irl) Ltd.
8.35 a.m. – 9.45 a.m.	UCITS IV Pan-European Retail Funds and UCITS IV - Irish Regulatory Developments - Final Eligible Asset Categories - Cross-Border Distribution Development, Mergers and Master-Feeders, Key Investor Information Michael Jackson Partner - Asset Management & Investment Funds Group, Matheson Orsmby Prentice The Management Company Passport Brian Higgins, Partner, Dillon Eustace
9.45 a.m. – 10.15 a.m.	Coffee
10.15 a.m. – 10.45 a.m.	Tax Developments in Irish Funds - Finance Act 2008 - VAT on Financial Services - Use of Non-EU Subsidiaries by Irish UCITS and Treaty Access Deirdre Power Tax Partner - Financial Services Industry Team, Deloitte
10.45 a.m. - 11.25 a.m.	Hedge Funds and Alternative Investments - Overview of Irish Regulatory Developments during 2008 - Credit, Legal and Liquidity Risks in the Global Credit Environment - Look ahead to 2009 Peter Stapleton Partner, Dillon Eustace

11.25 a.m. – 11.45 a.m.	International Tax-Threats and Opportunities - Demise of Tax Havens - EU annd OECD Pressure for Reform - Information Exchange vs. Secrecy Laws - Country vs. International Funds - New UK Proposals - How should Ireland respond? Pat Wall Partner, Tax and Legal Services, PWC
11.45 a.m. – 12.55 a.m.	International Funds and Global Financial Turmoil - A Discussion Rosemary Leahy, MD, HSBC Securities Services John Bohan, MD, Apex Fund Services Padraig Kenny, Managing Director, RBC Dexia Investor Services Francis Kass, Partner, Arendt & Medernach, Luxembourg
12.55 p.m.	Chairman's Closing Remarks ·