Third party - AIFMD Provision: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) Created page with "From the recital to {{AIFMD}}: {{box|(39) It should be possible for a {{aifmdprov|depositary}} to delegate the safe-keeping of assets to a {{aifmdprov|third party}} which, in..." |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
From the recital to {{AIFMD}}: | From the recital to {{tag|AIFMD}}: | ||
{{box|(39) It should be possible for a {{aifmdprov|depositary}} to delegate the safe-keeping of assets to a {{aifmdprov|third party}} which, in its turn, should be able to delegate that function. However, delegation and sub-delegation should be objectively justified and subject to strict requirements in relation to the suitability of the third party entrusted with the delegated function, and in relation to the due skill, care and diligence that the {{aifmdprov|depositary}} should employ to select, appoint and review that {{aifmdprov|third party}}. <br> | {{box|(39) It should be possible for a {{aifmdprov|depositary}} to delegate the safe-keeping of assets to a {{aifmdprov|third party}} which, in its turn, should be able to delegate that function. However, delegation and sub-delegation should be objectively justified and subject to strict requirements in relation to the suitability of the third party entrusted with the delegated function, and in relation to the due skill, care and diligence that the {{aifmdprov|depositary}} should employ to select, appoint and review that {{aifmdprov|third party}}. <br> | ||
Revision as of 17:03, 26 July 2016
From the recital to AIFMD:
- (39) It should be possible for a depositary to delegate the safe-keeping of assets to a third party which, in its turn, should be able to delegate that function. However, delegation and sub-delegation should be objectively justified and subject to strict requirements in relation to the suitability of the third party entrusted with the delegated function, and in relation to the due skill, care and diligence that the depositary should employ to select, appoint and review that third party.
(40) A third party to whom the safe-keeping of assets is delegated should be able to maintain a common segregated account for multiple AIFs, a so-called "omnibus account".
See also
|
{{{2}}}
|