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Template:Nutshell AIFMD 21(11): Difference between revisions
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:(d) it ensures the {{aifmdprov|delegate}} meets the following conditions: | :(d) it ensures the {{aifmdprov|delegate}} meets the following conditions: | ||
::(i) it is sophisticated enough to properly look after the {{aifmdprov|AIF}}’s assets; | ::(i) it is sophisticated enough to properly look after the {{aifmdprov|AIF}}’s assets; | ||
::(ii) it is effectively regulated, capitalised, supervised and audited to holds [[Financial instrument - AIFMD Provision|financial instruments]] in [[custody]] | ::(ii) it is effectively regulated, capitalised, supervised and audited to holds [[Financial instrument - AIFMD Provision|financial instruments]] in [[custody]]; | ||
::(iii) it segregates the {{aifmdprov|AIF}}’s assets from its own and from those of the {{aifmdprov|depositary}} so they can be clearly identified as belonging to clients of the {{aifmdprov|depositary}}; | ::(iii) it segregates the {{aifmdprov|AIF}}’s assets from its own and from those of the {{aifmdprov|depositary}} so they can be clearly identified as belonging to clients of the {{aifmdprov|depositary}}; | ||
::(iv) it does not use the assets without the {{aifmdprov|AIF}}’s prior consent and prior notification to the {{aifmdprov|depositary}}; and | ::(iv) it does not use the assets without the {{aifmdprov|AIF}}’s prior consent and prior notification to the {{aifmdprov|depositary}}; and | ||