Management companies managerial functions EU Fund management companies must adhere to strict regulatory guidelines regarding their management of EU UCITS and AIFs and the role of the Designated Person in the management (“DP”). Six managerial functions have to be carried out by DPs: Regulatory Compliance, Operational Risk Management, Capital and Financial Management, Fund Risk Management, Investment Management, and Distribution. A EU Man.Co is required to have at least: two local resident directors, half of its directors in the EEA, and half of its managerial functions performed by at least two DPs resident in the EEA. Prior to appointment, the CSSF … Continue reading Substance and Governance