HFSB has issued a revised version of its Hedge Fund Standards following a consultation on managing conflicts of interest earlier in 2015. The amendments have been made to strengthen internal compliance procedures and improve disclosure of conflicts of interest, specifically in the areas of parallel funds, including employee funds and the aggregate size of employee and partner co-investment in those funds. The revised standards will be in force as of 2 May 2016 to allow signatories sufficient time to achieve conformity with them. (Source: HFSB 2015 Updates Standards)