Regulatory & Compliance Advisory Services

In its position as the leading professional services firm in the Luxembourg financial sector, PricewaterhouseCoopers has unique experience of the flexibility and the constraints of that industry and has developed a breadth of knowledge and expertise aimed at helping its clients meet the challenges and exploit the opportunities Luxembourg offers. Recognising that today's environment imposes on players new and exceedingly complicated regulatory requirements, PricewaterhouseCoopers Luxembourg has pooled expert resources into a department (the Regulatory Compliance Advisory Services Group or "RCAS") dedicated to providing services helping its clients to meet these requirements.

Composed of a mix of auditors, consultants and lawyers, the RCAS team, by leveraging on the accumulated knowledge of our dominant audit practice, is able to provide timely, cost effective and practical assistance to clients facing regulatory compliance issues. In addition to Luxembourg specific issues, the globalisation of the world economy, issuance of new financial regulation by the European Union and increasing cross-border activities by financial players have generated an "internationalisation" of issues, where it is important to understand how different regulators will treat them: with more than 155 000 people in offices throughout the world and teams dedicated to the financial industry, PricewaterhouseCoopers is uniquely positioned to assist clients in dealing with those issues.

The quality of the PricewaterhouseCoopers network further allows our Luxembourg team to leverage, when Luxembourg-specific regulation or guidance on certain topics is missing (e.g. compliance function, corporate governance etc…), on the practical experience and best practice developed in other countries on those topics and to propose efficient ways of dealing with them. The ever-increasing complexity of regulation at a global, regional and national level remains a key challenge for the financial sector.

PricewaterhouseCoopers offers industry-focused solutions and strong implementation capability, providing a globally co-ordinated approach and tailored solutions to the investment fund industry, e.g. Global Fund Distribution services, a unique pan-European tax and regulatory fund reporting service.