Template:AIFMD DR76: Difference between revisions

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=====Objective reasons for delegation=====
=====Objective reasons for delegation=====


{{aifmdprov|DR 76(1)}} The AIFM shall provide the competent authorities with a detailed description, explanation and evidence of the objective reasons for delegation. When assessing whether the entire delegation structure is based on objective reasons within the meaning of Article 20(1)(a) of Directive 2011/61/EU the following criteria shall be considered:<br>
{{aifmdprov|DR 76(1)}} The AIFM shall provide the competent authorities with a detailed description, explanation and evidence of the objective reasons for delegation. When assessing whether the entire delegation structure is based on objective reasons within the meaning of Article {{aifmd|DR20(1)}}(a) of Directive {{eudirective|2011|61|EU}} the following criteria shall be considered:<br>
:(a) optimising of business functions and processes;<br>
:(a) optimising of business functions and processes;<br>
:(b) cost saving; <br>
:(b) cost saving; <br>

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