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Press Release
05 Nov 2015

HFSB Publishes New Amendments to its Standards

The Hedge Fund Standards Board (HFSB) agreed a series of amendments to its Standards on managing conflicts of interest, following the public consultation launched on 26 March 2015 and concluded on 12 June 2015.

The amendments will strengthen internal compliance procedures and improve disclosure of conflicts of interest, specifically in the areas of parallel funds, including employee funds and the aggregate size of employee and partner co-investment in those funds.

The new amendments will come into force on 2 May 2016 to give the HFSB Signatories enough time to achieve conformity with them.

Dame Amelia Fawcett, Chair of the HFSB, said:

“After an extensive consultation process that resulted in feedback from managers, investors and regulators globally, we are pleased to publish amendments to our Standards and related guidance in the area of conflicts of interest. We believe that with these amendments, the HFSB, its signatories and investors are leading the way in an area that is critically important to all markets. I would like to thank everyone who participated in this process for their time, commitment and dedication to improving the Standards.”

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