82,903
edits
Depositary lite - AIFMD Provision: Difference between revisions
Jump to navigation
Jump to search
Depositary lite - AIFMD Provision (view source)
Revision as of 11:39, 30 January 2015
, 30 January 2015no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 5: | Line 5: | ||
**Safe keeping of assets, both financial instruments and OTC (Articles {{aifmdprov|21(8)(a)}} and {{aifmdprov|21(8)(b)}}; and | **Safe keeping of assets, both financial instruments and OTC (Articles {{aifmdprov|21(8)(a)}} and {{aifmdprov|21(8)(b)}}; and | ||
**Oversight (Article {{aifmdprov|21(9)}}) | **Oversight (Article {{aifmdprov|21(9)}}) | ||
*Unlike Article {{aifmdprov|21}} (which covers the full depositary obligations of an EU AIFM / EU AIF) there is no strict liability for loss of assets for a non-EU AIF, and no requirement to appoint a single depositary - therefore this regime is referred to as "Depositary-Lite" or "Depo-Lite". | *Unlike Article {{aifmdprov|21}} (which covers the full depositary obligations of an EU AIFM / EU AIF) there is no strict liability for loss of assets for a non-EU AIF, and no requirement to appoint a single depositary - therefore this regime is referred to as "{{aifmdprov|Depositary-Lite}}" or "{{aifmdprov|Depo-Lite}}". | ||
{{aifmdsnap|36}} | {{aifmdsnap|36}} | ||
{{aifmdanatomy}} | {{aifmdanatomy}} | ||