•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Regulatory framework for FoHFs in France: The AMF amends general regulation following October 2007 working group`s report … These changes follow on from the report of the working group chaired by Philippe Adhémar, a member of the AMF's Board, titled "Assessment of the French regulatory framework for funds of hedge funds and possible areas of improvement", put out for public consultation between 18 September and 19 November 2007.

The purpose of these amendments is to maintain an appropriate level of investor protection while making France's regulatory regime for FoHFs more competitive. The changes consist in:

- developing a principles-based regulatory approach under which the responsibilities of asset management companies are more clearly defined, ? making technical adjustments to the rules to adapt them to developments in the FoHF industry.

The rule changes are described in detail in a pdf document released by the AMF, which can be downloaded at Source. AMF webpage: Source

Careful handling needed to safeguard Ucits` reputation From the FT: The European Union’s Ucits regime, which regulates investment funds that can be sold across EU borders, has been a great success. It is a brand that is recognised and trusted worldwide – Ucits funds are sold not only within Europe but in Asia and Latin Ame......................

To view our full article Click here