BEPS’ Multilateral Instrument (MLI) came into effect on June 7. Articles 12 to 14 of the MLI include changes to Permanent Establishment rules which impact fund directors. Directors will have to show that they are making ‘material modifications’ to funds, according to the MLI.

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Does risk governance add much value or is it little more than a necessary evil? Do the increasingly large sums being spent on it help investors or is this done mainly for compliance reasons? A seminar on risk governance hosted by The NED tried to answer these and related questions.

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