The Committee of European Securities Regulators (CESR) has published a Consultation Paper entitled Risk management principles for UCITS.
In the Consultation Paper CESR sets out a framework for guidelines concerning risk management, providing principles and an outline of the key elements for a standard in risk management process. The principles are designed to apply to asset management companies and investment companies that have not designated a management company (self managed UCITS).
The principles will be accompanied by a paper covering technical and quantitative issues related to risk management. This is expected to be published for consultation by the end of 2008.
The deadline for comments on the Consultation Paper is 17 October 2008.
View Risk management principles for UCITS, 19 August 2008