82,891
edits
Depositary lite - AIFMD Provision: Difference between revisions
Jump to navigation
Jump to search
Depositary lite - AIFMD Provision (view source)
Revision as of 17:04, 17 December 2018
, 17 December 2018no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{aifmdanat|36}} | {{aifmdanat|36}} | ||
'''Cut-down | '''Cut-down depositary function''': Non-{{tag|EU}} [[AIF]]s marketed by an {{tag|EU}} [[AIFM]] to EU investors through [[private placement]] have to comply with everything else in {{tag|AIFMD}} but the depositary requirement is restricted to just cash monitoring, custody and handling subscriptions and redemptions. | ||
'''Liability''': Unlike in a full-blown depositary, under article {{aifmdprov|21}} there is no strict liability for loss of assets for a {{aifmdprov|non-EU AIF}}, and no requirement to appoint a single {{aifmdprov|depositary}} - therefore this regime is referred to as “{{aifmdprov|Depositary-Lite}}” or “{{aifmdprov|Depo-Lite}}”. | '''Liability''': Unlike in a full-blown depositary, under article {{aifmdprov|21}} there is no strict liability for loss of assets for a {{aifmdprov|non-EU AIF}}, and no requirement to appoint a single {{aifmdprov|depositary}} - therefore this regime is referred to as “{{aifmdprov|Depositary-Lite}}” or “{{aifmdprov|Depo-Lite}}”. | ||