82,891
edits
Liability for loss of assets - AIFMD Provision: Difference between revisions
Liability for loss of assets - AIFMD Provision (view source)
Revision as of 15:26, 3 March 2022
, 3 March 2022no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 3: | Line 3: | ||
See also Article {{aifmdprov|DR100}} of the delegated regulation for even more detail. | See also Article {{aifmdprov|DR100}} of the delegated regulation for even more detail. | ||
=== You what? === | |||
Fun fact: the drafting — perhaps during translation — lost its way in the first paragraph. When you peel away the flannel, it amounts to this: | |||
{{Quote|The depositary is liable if it, or someone to whom it has delegated the custody of financial instruments, loses —.}} | |||
Now we think — all right, we ''know'' — this is meant to say “... loses the financial instruments it is holding in custody”. | |||
{{External event beyond its reasonable control}} | {{External event beyond its reasonable control}} | ||