The Association of the Luxembourg Fund Industry (ALFI), in association with the Luxembourg Association of Risk Management (ALRiM), has published new risk management guidelines.
The guidelines cover operational risk management within UCITS, and risk management under the Alternative Investment Fund Managers Directive (AIFMD).
Marc Saluzzi, chairman of ALFI, says: “The publication of these guidelines highlights Luxembourg’s business friendly, expert and competitive jurisdiction for both UCITS and Alternative Investment Funds, which is being recognised by the industry. So far 38 AIFM authorisations are on the CSSF’s list with a further 30 approved yet to be added. 200 have so far applied for authorisation in Luxembourg.”
The guidelines were agreed at the recent fifth ALFI & ALRiM Risk Management Conference where over 250 European risk managers, conducting officers and experts heard more about the AIFMD from local and international experts.