The MFSA has published an updated Corporate Governance Manual for Directors of Investment Companies and Collective Investment Schemes. This revised Manual is updated with the requirements of the Alternative Investment Fund Managers Directive (2011/61/EU).
The objective of this Manual is to increase awareness amongst Directors who are vital for the proper operation of investment companies and funds. The Manual also provides general guidance on the implementation of good governance in financial services.
A copy of the Manual is available here from the MFSA website.
The Manual covers the following topics, amongst others: corporate governance in the investment fund industry, role of director of an investment fund, board proceedings, the Alternative Investment Fund Managers Directive (“AIFMD”), European Market Infrastructure Regulation (“EMIR”) and anti-money laundering and combating financing of terrorism.