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

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

104 bytes added , 13 November 2019

no edit summary

82,883

edits

@@ Line 1: / Line 1: @@
 {{aifmdanat|DR91|}}
-Relevant where a {{aifmdprov|depositary}} delegates the custody/safekeeping function under Art {{aifmdprov|21(8)(a) to a [[prime broker]].
+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.
@@ Line 9: / Line 9: @@
 Assiduous lawyers might want this put in your prime brokerage agreement. Seeing as the natural counterparties to this agreement are teh PB, on one hand, and the {{aifmdprov|depositary}} or {{aifmdprov|AIFM}} on the other hand (neither of which is likely to be a party to the [[prime brokerage agreement]] - usually that is the [[PB]] and the {{aifmdprov|AIF}} itself), try to resist this.
+{{sa}}
+*[[Delegation of depositary’s functions - AIFMD Provision]]
+*[[Depo-Lite - AIFMD Provision]]
 {{ref}}