21(14) - AIFMD Provision: Difference between revisions

21(14) - AIFMD Provision (view source)

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 Of interest are the criteria set out in Article {{aifmdprov|21(11)(d)(ii)}}, right? If met, the strictures of this paragraph do not apply. Well, these are they:
 {{aifmdsnap|21(11)(d)(ii)}}
-These are, even in weird and wonderful jurisdictions, a fairly low bar over which to execute a Fosbury flop: That it be subject to "effective prudential regulation - seems somewhat subjective to me - to have ''some'' minimum {{tag|capital}} requirements (without saying how much...), and to be audited. Which is just as well, because the provisions of {{aifmdprov|21(14)}} are otherwise outrageously onerous.
+These are, even in weird and wonderful jurisdictions, a fairly low bar over which to execute a Fosbury flop: That it be subject to "effective" prudential regulation - seems a bit of a value judgment - to have ''some'' minimum {{tag|capital}} requirements (without saying how much...), and to be ''audited''. Which is just as well, because the provisions of {{aifmdprov|21(14)}} are otherwise outrageously onerous.
 {{anat|aifmd}}