Template:Nutshell AIFMD 21(4): Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
 
Line 1: Line 1:
{{aifmdprov|21(4)}}: '''Conflict management''': To avoid conflicts between [[AIFM]], [[AIF]] and investors: <br>
{{aifmdprov|21(4)}}: '''Conflict management''': To avoid conflicts between [[AIFM]], [[AIF]] and investors: <br>
:(a) {{tag|AIFM}} can't be a depositary <br>
:(a) [[AIFM]] can't be a depositary <br>
:(b) a Prime Broker to an [[AIF]] can't be a depositary unless appropriate Chinese walls and conflict management processes are in place; however it may delegate of custody tasks as per {{aifmdprov|21(11)}} (and {{aifmdprov|21(8)}}; <br>
:(b) a Prime Broker to an [[AIF]] can't be a depositary unless appropriate Chinese walls and conflict management processes are in place; however it may delegate of custody tasks as per {{aifmdprov|21(11)}} (and {{aifmdprov|21(8)}}; <br>

Latest revision as of 11:46, 13 August 2024

21(4): Conflict management: To avoid conflicts between AIFM, AIF and investors:

(a) AIFM can't be a depositary
(b) a Prime Broker to an AIF can't be a depositary unless appropriate Chinese walls and conflict management processes are in place; however it may delegate of custody tasks as per 21(11) (and 21(8);