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===Paragraph 21.4, {{tag|AIFMD}}=== | ===Paragraph 21.4, {{tag|AIFMD}}=== | ||
{{aifmdquote|{{AIFMD 21.4}}|21.4}} | {{aifmdquote|{{AIFMD 21.4}}|21.4}} | ||
{{comm}} | |||
Distinguish between a full-blown {{aifmdprov|depositary}} under AIFMD and a {{aifmdprov|depositary lite}}. Most {{aifmdprov|prime brokers}} - especially those domiciled outside the [[EU]] - will be only depo-lites, to which this regime does not appear to apply. | |||
{{anat|aifmd}} | {{anat|aifmd}} |