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 {{aifmd|DR20(1)}}(a) of Directive {{eudirective|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 {{aifmdprov|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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