ALFI recommendation on the Risk management system for SIFs
7 June 2012 | Statements and Position Papers
The recent update of the SIF Law includes the requirement, in accordance to article 42bis, for each Specialised Investment Fund (“SIF”) to have appropriate risk management systems in place to identify, measure, manage and monitor the risks associated with the positions and their contribution to the overall risk profile of the portfolio.
The document shall, pending further clarification to be provided by the CSSF in the regulation in question (in accordance with Article 42bis, (3) SIF Law), provide proposals on how market participants may establish and document an adequate risk management system for SIFs.
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