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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 | {{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> | ||