5. — Directive 2011/61/EU of the European Parliament and of the Council of 8 June…

5.

Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 Text with EEA relevance · European Union

The Commission shall adopt, by means of delegated acts in accordance with Article 56 and subject to the conditions of Articles 57 and 58, measures specifying: the risk management systems to be employed by AIFMs in relation to the risks which they incur on behalf of the AIFs that they manage; the appropriate frequency of review of the risk management system; how the risk management function is to be functionally and hierarchically separated from the operating units, including the portfolio management function; specific safeguards against conflicts of interest referred to in the second subparagraph of paragraph 1; the requirements referred to in paragraph 3.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.