Template:AIFMD 21(11)(d)(ii): Difference between revisions
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::[[21(11)(d)(ii) - AIFMD | ::[[21(11)(d)(ii) - AIFMD Provision|(ii)]] for custody tasks referred to in point (a) of paragraph {{aifmdprov|21(8)}}, the {{aifmdprov|third party}} is subject to effective prudential regulation, including minimum capital requirements, and supervision in the jurisdiction concerned and the {{aifmdprov|third party}} is subject to an external periodic audit to ensure that the financial instruments are in its possession; | ||
Latest revision as of 17:20, 26 July 2016
- (ii) for custody tasks referred to in point (a) of paragraph 21(8), the third party is subject to effective prudential regulation, including minimum capital requirements, and supervision in the jurisdiction concerned and the third party is subject to an external periodic audit to ensure that the financial instruments are in its possession;