Regulation challenges

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The main challenge, according to Omar Zerafa at Aequitas Legal in Malta, is adapting to new regulation if it is implemented. No matter what happens on the regulatory side, he believes “the task of the legal counsel will be more onerous in ensuring that a fund conforms with all the requirements, especially when compared to the current unregulated situation.”

Brian McDermott and Siobhán Moloney at A&L Goodbody in Dublin say good corporate governance, appropriate risk management and proportionate re