STEP EUROPE CONFERENCE, HOSTED BY STEP BENELUX 4 – 5 OCTOBER 2018

LE ROYAL HOTEL, LUXEMBOURG

STEP EUROPE CONFERENCE 2018

DELEGATE FEE

Early bird rate* Normal rate

STEP Member EUR 700 EUR 815

Non-Member EUR 820 EUR 930

KEYNOTE SPEAKERS:

Jean-Marie Biwer Artist, Luxembourg

H.E. Mr John MarshallBritish Ambassador to Luxembourg

Miguel Poiares MaduroEuropean University Institute, Italy

Serge SchroederCour Administrative, Luxembourg

Judge Christopher VajdaCourt of Justice of the European Union

Sponsors include

www.step.org/europe2018

*register by 31 July 2018 to receive the early bird rate

**The welcome reception is included in the delegate fee. The networking reception and dinner is charged a separate fee - please see back page for details.

CPDThis event will count towards an attendee’s CPD requirement to his/her professional association. For those needing to measure CPD in hours, this event would qualify as 11 hours of CPD.

Language This conference will be presented in English.

#STEPEurope18

Programme focus:• CRS update and what do tax authorities do with

the data they receive?

• Beneficial ownership registers under the 4th

(and 5th?) EU AML Directive

• Cross border estates and the EU Succession

Regulation

• Trusts in civil law jurisdictions and the court for

trusts and fiduciary relationships

• Property issues in view of the EU Regulation

• Fintech and how to avoid being left behind

Social Media partnerCollateral

The New State of the Art: Keeping Pace with Unprecedented Change

REGISTER BY 31 JULY 2018 TO SAVE WITH OUR EARLY BIRD RATE

CONFERENCE PROGRAMME

8.15am Registration and refreshments

Exhibits open

9.00am Welcome from STEP Europe

Paolo Panico TEP, Chair of STEP Europe Region, Luxembourg

9.10am Welcome from STEP BeNeLux

Louise Benjamin TEP, Chair of STEP BeNeLux, Luxembourg

9.20am Keynote address: Brexit

Ambassador John Marshall will provide an update on progress towards the UK’s exiting of the European Union at what is likely to be a key moment just weeks before the October European Council.H.E. Mr John Marshall, British Ambassador to Luxembourg

9.50am Navigating the regulatory maze

• MIFID II, PRIIPS and IDD: what next?• Uniformity versus clarity: protecting the client• Market access in the new regulatory (and geopolitical?)

environment• What advice for practitioners?

Moderator: Simon Gorbutt TEP, Lombard International Assurance, LuxembourgNoleen John, Norton Rose Fulbright, UKDr. iur. Benjamin Leisinger, Homburger AG, SwitzerlandPierre-Michaël de Waersegger, Arendt & Medernach SA, LuxembourgKlaus Henrik Wiese-Hansen, Advokatfirmaet Schjødt AS, Norway

10.35am Networking and refreshments

11.05am CRS update and what do tax authorities do with the data they receive?

• An update on the CRS – strengths and weaknesses• Filling the gaps, including mandatory disclosure rules

and response to residence by investment schemes• Confidentiality of data – are governments meeting their

obligations? • What future for privacy?

Dr. Hans-Joachim Jaeger, Ernst & Young Ltd, Switzerland Andrew Knight TEP, M Partners, Luxembourg

6.00pm Welcome reception

Cercle Munster, 5-7 Rue Münster, 2160 Luxembourg Kindly supported by Banque Havilland S.A.

WEDNESDAY 3 OCTOBER 2018

THURSDAY 4 OCTOBER 2018Morning Chair: Paolo Panico TEP, Chair of STEP Europe Region, Luxembourg Afternoon Chair: Louise Benjamin TEP, Chair of STEP BeNeLux, Luxembourg

The world is undergoing a period of unprecedented changes

which are reshaping the wealth management industry in many

respects. This is particularly true in Europe, where the EU is

attempting to lead the way in regulatory reform and transparency

but at the same time the departure of the UK is going to

permanently reshape the continent’s geopolitics.

The third STEP Europe Conference is taking place in Luxembourg,

the largest financial centre in the Eurozone and the second largest

fund centre in the world.

An international panel of speakers, including academics,

politicians, judges, and private practitioners, will share their views

on the new “regulatory maze”, automatic exchange of information

as well as beneficial ownership registers. A wide range of experts

from all the countries in our region as well as the US will highlight

cross-border topics. A special focus will be devoted to fintech,

blockchain, and “how to avoid to be left behind”.

Please join us in Luxembourg on 4 and 5 October and be part of

this long-awaited event!

11.50am Beneficial ownership registers under the 4th (and 5th?) EU AML directive

• Implementation of Articles 30 and 31 of the 4th AML Directive in selected EU jurisdictions

• Beneficial ownership registers of companies and trusts• Which entities must be entered in the register? • Which are the criteria for public access to the registers?• Towards an increased violation of privacy under a “5th

AML Directive”?

Moderator: Paolo Panico TEP, Private Trustees SA, LuxembourgAustria: MMag. Michael Petritz, LL.M. (WU) TEP, KPMG Alpen-Treuhand GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, Austria France: Maître Stéphanie Auféril, ARKWOOD Law Firm Paris, FranceMalta: Dr Anthony Cremona TEP, GANADO Advocates, Malta Italy: Luigi Belluzzo TEP, Belluzzo & Partners, Italy

12.45pm Lunch

1.45pm Keynote address: Balancing taxes against human rights

Serge Schroeder, Cour Administrative, Luxembourg

2.15pm How do people keep their wealth?

• Cross-border investment structures• Use of holding companies, trusts, foundations, and

insurance policies in cross-border contexts• How to combine tax efficiency, asset protection and

family planning?

Moderator: Antonello Lupo TEP, Treasurer of STEP Europe Region, ItalyCarlos Ferrer, Cuatrecasas, SpainChristian Nouel, Gide Loyrette Nouel, FranceHeini Rüdisühli TEP, Lenz & Staehlin, Switzerland

3.00pm Cross border estates and the EU succession regulation

• Powers of attorney in Germany• Monaco new private international law• New cases and issues under the EU succession

regulation

Moderators: Maurizio Cohen TEP, Interlaw Monaco, Monaco and Dr Daniel Lehmann TEP, Baker Tilly, Germany Richard Frimston TEP, Russell-Cooke LLP, UK Line-Alexa Glotin TEP, UGGC, France Donald Manasse TEP, Donald Manasse Law Office, MonacoMartina Moscardi TEP, TRUST SRL - LOGOS Associazione tra Professionisti, Italy

4.00pm Networking and refreshments

FRIDAY 5 OCTOBER 2018Chair: Paolo Panico TEP, Chair of STEP Europe Region, Luxembourg

4.30pm Luxembourg update

• Watch this space!• T*X****N. Can we talk about it, or not?• More of the same, for better or worse

Moderator: Graham J. Wilson TEP, Wilson Associates, LuxembourgLouise Benjamin TEP, Benjamin Law Firm, LuxembourgSaskia Lust TEP, Loyens & Loeff, BelgiumJean Schaffner TEP, Allen & Overy, LuxembourgAlain Steichen, Bonn Steichen & Partners, Luxembourg

5.10pm Rebuilding Trust

• Trusts have suffered from an image problem in recent years. The Rebuilding Trust project aims to rebuild that reputation.

• It will look at the benefits that trusts can bring – economic and social

• It will also look at the difficult questions that may need to be addressed

Simon Hodges, STEP, UK

5.20pm USA: the Trump tax and other legislative news

• US Tax Reform: a review of the “earth shaking” changes to US international tax as a result of President Trump’s Tax Cuts and Jobs Act

• Update on USA as a wealth management location (FATCA and confidentiality, USA’s approach to KYC, tax free US structures for foreign investors/wealth management planning)

• Other US developments

James O’Neal TEP, AMMC Law S.A., LuxembourgTodd D. Mayo TEP, Perspecta Trust, USA

6.00pm Summary and close

7.30pm Networking reception and dinner

La Table du Belvédère, 4 Place de l’Europe, 1499 LuxembourgKindly supported by PraxisIFM TrustDinner speaker: Judge Christopher Vajda, Court of Justice of the European Union

8.15am Welcome refreshments

Exhibits open

9.00am Welcome from STEP Council

Peter Economides TEP, Totalserve Management Limited, Cyprus

9.05am Keynote address: impact investment and social innovation

Miguel Poiares Maduro, European University Institute, Italy

Register now at www.step.org/europe2018

9.35am Trusts in civil law jurisdictions and the court for trusts and fiduciary relationships

• The Hungarian trust from comparative law aspects, an overview on the local Court

• The Court for trusts and fiduciary relationships in San Marino

• The Court for trusts in other civil law jurisdictions: a comparative approach

Moderator: Diana Palomba TEP, Ingad Trust Srl, ItalyProfessor Antonio Gambaro, Universita’ Degli Studi Di Milano, Italy Dr István Sándor TEP, Kelemen, Mészáros, Sándor and Partners Law Office, ELTE University of Law, Hungary

10.20am Networking and refreshments

10.50am Property issues in view of the EU Regulation

• From January 2019 the EU Regulation covering all civil-law aspects of matrimonial property regimes will come into force

• The applicable property regime is vital during marriage or partnership, in case of the couple’s separation, divorce, death of one of the spouses or when drafting a will

• The session will provide an overview on the different (matrimonial) property regimes within the EU and choice of law options in the context of the new EU legislation applicable

Moderator: Alberto Perez Cedillo TEP, Alberto Perez Cedillo Spanish Lawyers and Solicitors Ltd, UK/Spain Nicole Gallop Mildon, Sykes Anderson Perry Limited, UKInmaculada Ruz López, IRUZ Abogados, SpainJames Stewart TEP, Penningtons Manches LLP, UK

11.35am Fintech and how to avoid being left behind

• Fintech and the future• Blockchain – How it works and why it matters• Settlements, smart contracts, compliance and other

use casesModerator: Nasir Zubairi, Luxembourg House of Financial Technology (LHoFT), LuxembourgDaniel Paserman TEP, Gornitzky & Co, IsraelAdrian Pilcher TEP, Isolas, GibraltarDr Judith Taic TEP, Dr. Judith Taic Tax Law Office, Israel

12.30pm Keynote address: art and investments

Jean-Marie Biwer, Artist, Luxembourg

1.00pm Summary and close

1.15pm Lunch and farewell drinks

Speaker biographies can be found at www.step.org/europe18

STEP EUROPE CONFERENCE

ABOUT STEP

STEP is the worldwide professional association for

those advising families across generations. We promote

best practice, professional integrity and education

to our members. Our members help families plan for

their futures: from drafting a will or advising family

businesses, to helping international families and

protecting vulnerable family members.

Today we have 20,000 Members across 96 countries.

They include lawyers, accountants and other trust and

estate specialists.

For more information about STEP, visit www.step.org or

email step@step.org

For any queries please contact the conference team on

+44 (0)20 3752 3700 or email conferences@step.org

Networking social events include:Welcome reception - 3 October Cercle MunsterKindly supported by Banque Havilland S.A.The STEP BeNeLux and STEP Europe branches invite you to join their welcome reception to network with fellow delegates over dinks and canapés at Cercle Munster. Located in the heart of Luxembourg, Cercle Munster has served the most elite of the business community since 1984. The perfect conversation starter to mingle with your fellow delegates before a busy two days of learning and networking.

Delegate fee: ComplimentaryGuest fee: EUR 40

Networking reception and dinner – 4 October La Table du Belvédère

Kindly supported by PraxisIFM TrustIdeally located, La Table du Belvédère offers breathtaking 180° panoramic views of the Grund, Mudam and Philharmonie. Wind down with fellow delegates over drinks and dinner after the opening day of the Conference. Judge Christopher Vajda, Court of Justice of the EU, will give a keynote speech.

Delegate fee: EUR 100Guest fee: EUR 100

Register online to secure your place at www.step.org/europe2018

4 – 5 OCTOBER 2018