The International Organisation of Securities Commission (IOSCO) recently released a paper that recommended a number of practices to be adopted by investment managers in performing due diligence. Although the focus was on due diligence relating to investments in structured finance products, IOSCO noted that the recommendations could apply regardless of the type of investment product.

IOSCO's Good Practices in Relation to Investment Managers' Due Diligence When Investing in Structured Finance Instruments is available via the link below: http://www.iosco.org/library/pubdocs/pdf/IOSCOPD300.pdf