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This is the provision that requires [[AIFM]]s to appoint a single depositary for each [[AIF]] that they manage. | This is the provision that requires [[AIFM]]s to appoint a single depositary for each [[AIF]] that they manage. Note also the parallell concept of a depositary under UCITS V, and the handy [[Depositary comparison under AIFMD and UCITS|comparison}} between the two regimes. | ||
That, in a {{nutshell}}, provides: | That, in a {{nutshell}}, provides: |