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DFSA issues hedge fund code

  • United Arab Emirates: Tuesday, December 11 - 2007 at 13:26

The Dubai Financial Services Authority (DFSA) issued its Hedge Fund Code of Practice (Code). The Code sets out best practice standards for Operators of Hedge Funds in the Dubai International Financial Centre (DIFC). The Code addresses some specific risks that are associated with Hedge Funds.

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There are nine high-level principles in the Code, which cover areas of key operational, management and market-related risks, particularly in the areas such as valuation of assets, back office functions and exposure to market risks.
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