Reporting obligations for prime brokers - AIFMD Provision: Difference between revisions

Reporting obligations for prime brokers - AIFMD Provision (view source)

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 {{aifmdanat|DR91|}}
-Relevant in the context of the [[depo-lite]] concept under {{tag|AIFMD}}. Sets out the reporting that the [[prime broker]] has to make — it is the {{aifmdprov|AIFM}}’s responsibility to make sure this happens, and yes, it seems to be one of those regulations imposing an obligation on the parties to have a {{t|contract}} to do something, rather than simply mandating it as a matter of compulsory regulation.
+Relevant where a {{aifmdprov|depositary}} delegates the custody/safekeeping function under Art {{aifmdprov|21(8)(a) to a [[prime broker]].
+''Not'' relevant in a [[depo-lite]] situation (which applies to certain {{aifmdprov|Non-EU AIF}}s, where there is not a {{aifmdprov|depositary}} in the first place, and delegation is not happening.
+Sets out the reporting that the [[prime broker]] has to make — it is the {{aifmdprov|AIFM}}’s responsibility to make sure this happens, and yes, it seems to be one of those regulations imposing an obligation on the parties to have a {{t|contract}} to do something, rather than simply mandating it as a matter of compulsory regulation.
 There should be a name for regulations like this. Other than just “bone-headed”, of course.