The AIFMD and the current UCITS Directive set out the ethics boundaries and create a set of risk management rules and practices. The scope of this Committee is to monitor developments and translate such rules and practices into industry recommendations, adapted to the needs of each type of investment fund. In particular the Committee is expected to promote:
• A code of practice and ethical standards for fund managers.
• Risk management for UCITS.
• Risk management for AIFs, depending on their particular type.
The above list is non-exhaustive and other issues factors may also be analysed by the Committee as it shall be deemed appropriate.
Chairman: Andreas Theophanous, [email protected]