Section A - Creating and Managing a Hedge Fund Business » 1. Management and Controls » 2. Business Risk Management

Provider: HFSB

Practice:	Guidance:
A hedge fund manager should ensure that material aspects of its operational procedures are adequately documented and training is provided to staff. This should include, among other things, areas such as compliance procedures, back-up/disaster recovery procedures, personal account dealing policies and client confidentiality. A hedge fund manager should also periodically test its compliance procedures or have them audited by an external party. [See also Section B2 (11)]	No applicable guidance.

Practice:

Guidance:

A hedge fund manager should ensure that material aspects of its operational procedures are adequately documented and training is provided to staff. This should include, among other things, areas such as compliance procedures, back-up/disaster recovery procedures, personal account dealing policies and client confidentiality. A hedge fund manager should also periodically test its compliance procedures or have them audited by an external party.
[See also Section B2 (11)]

No applicable guidance.