Regulations coming in across multiple jurisdictions will mean much more work for local directors. This is driven the EU’s Code of Conduct Group, BEPs and related tax changes that will require funds to show that they have real substance in the jurisdiction where their funds are domiciled.

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The NED’s first listing of Expert Fund Boards, based on its Board Composition Capability Rating (BCCR) starts this month. This Expert Fund Board listing will be a regular part of each monthly issue of The NED.

As mentioned in the October issue The NED has begun rating fund boards.  It is doing to help investors. We would like to steer them towards funds competent boards. Not every investor is of sufficient size to employ its own due diligence team to do this for them, or has the time to do it themselves.

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