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πŸ”— Back to Summary. πŸ‡«πŸ‡· French Version: 2013R0231_FR.38. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.

Article 37 – Strategies for the exercise of voting rights ⬅️ | ➑️ Article 39 – Permanent risk management function

Article 38 - Risk management systems

For the purposes of this Section, risk management systems shall be understood as systems comprised of relevant elements of the organisational structure of the AIFM, with a central role for a permanent risk management function, policies and procedures related to the management of risk relevant to each AIF’s investment strategy, and arrangements, processes and techniques related to risk measurement and management employed by the AIFM in relation to each AIF it manages.