21(13) - AIFMD Provision: Difference between revisions

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{{aifmdanat|21(13)}}
{{aifmdanat|21(13)}}
 
The great question of who should be liable for third party {{aifmdprov|sub-custodian}}s. The depositary will say, well, by dint of  21(12), I am stuck with more or less absolute liability for loss of the AIFs  assets wherever they may be.


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