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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|}} | {{aifmdanat|DR91|}} | ||
Relevant where a {{aifmdprov|depositary}} delegates the custody/safekeeping function under Art {{aifmdprov|21(8)(a)}} to a | Relevant where a {{aifmdprov|depositary}} delegates the custody/safekeeping function under Art {{aifmdprov|21(8)(a)}} to a {{aifmdprov|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. | ''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. When you think about it, it ''can’t'' really apply to a depo lite, since by definition there is no {{aifmdprov|depositary}} for the {{aifmdprov|prime broker}} to make any of these reports ''to''. | ||
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. | 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. | ||