Fund Directive Raises Big Workload Specter

A number of industry professionals are weighing the work that will flow from complying with the European Commission's proposed Alternative Investment Fund Managers Directive, which would subject hedge funds and other entities to higher standards on risks, liquidity and conflicts of interest. Ma...

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Bibliographic Details
Published inCompliance Reporter
Format Journal Article Trade Publication Article
LanguageEnglish
Published London Pageant Publishing 02.11.2009
Pageant Media
Subjects
Compliance
Executive advisory bodies
Hedge funds
Investment advisors
Laws, regulations and rules
Liquidity
Mutual fund industry
Mutual funds
Regulation of financial institutions
Risk management
Securities markets
Europe
Online AccessGet full text
ISSN1529-5699

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Summary:A number of industry professionals are weighing the work that will flow from complying with the European Commission's proposed Alternative Investment Fund Managers Directive, which would subject hedge funds and other entities to higher standards on risks, liquidity and conflicts of interest. Many in the industry are holding fire on compliance plans, pending a final version of the Directive being passed. Tim Cornick, partner at Macfarlanes, said C/Os at FSA-registered hedge fund firms would have to start getting involved in continuing monitoring of both regulatory capital, as well as the limits on leverage. Other new tasks would include reporting to investors and regulators, such as on controlling influence functions in investee companies.
ISSN:1529-5699