Non-EU AIF - AIFMD Provision

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AIFMD Anatomy™
Directive 2011/61/EU (EUR Lex) | Implementing regulation 231/2013 (EUR Lex)
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directive - 21 (depositary) | 21(4) (conflict management) | 21(8) (custody function) | 21(11) (custody delegation) | 21(12) (liability for loss of assets) | 21(13) (discharge of liability on delegation) | 21(14) (discharge of liability for Non-EU subcustodians) | 36 (depo-lite) | 36(1)
implementing regulation DR20 (Due diligence when appointing counterparties and prime brokers) | DR76 (objective reason) | DR89 (Safekeeping duties with regard to assets held in custody) | DR91 (reporting obligations for prime brokers) | DR98 (due diligence) | DR99 (segregation obligation) | DR100 (Loss of custody asset) |
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Non-EU AIFs marketed by an EU AIFM to EU investors through private placement — are subject to a diluted version of AIFMD under which, for example, they don't need to appoint a depositary, though they do need folks to carry out some of the depositary’s basic functions (cashflow monitoring, custody and subscriptions and redemptions).

More — much more — at our depo-lite page.

See also