Template:Nutshell AIFMD 21(3): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{aifmdprov|21(3)}}: '''Eligibility criteria''': a depositary must be <br> :(a) An authorised EU credit institution; <br> :(b) an EU investment firm meeting certain capital ad...") |
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Latest revision as of 17:01, 2 November 2018
21(3): Eligibility criteria: a depositary must be
- (a) An authorised EU credit institution;
- (b) an EU investment firm meeting certain capital adequacy criteria;
- (c) an entity subject to prudential regulation that is deemed ok under 2009/65/EC (EUR Lex)
For Non-EU AIFs the depositary can be an equivalent credit institution or investment firm outside the EU (I think). There are also exceptions for illiquid AIFs that don't invest in custody assets.