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? Well, these are they:
 {{aifmdsnap|21(11)(d)(ii)}}
-These are, even in weird and wonderful jurisdictions, fairly bar to cross - that it be subject to "effective prudential regulation - seems somewhat subjective to me - to have some minimum capital requirements (without saying how much...), and to be audited.
+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 {{isdaprov|some}} minimum 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}}