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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. | This is the provision that requires [[AIFM]]s to appoint a single depositary for each [[AIF]] that they manage. Note the effect of {{aifmdprov|36(1)}} with respect to non-EU AIFs, and the provisions of {{aifmdprov|21(8)}} regarding safekeeping of assets. 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. | ||
{{aifmdprov|21(4)}} - {{aifmdprov|avoiding conflicts of interest}} <br> | |||
{{aifmdprov|21(5)}} - {{aifmdprov|location of depositary}} <br> | |||
{{aifmdprov|21(6)}} - {{aifmdprov|conditions to appointment of depositary in a third country}} <br> | |||
{{aifmdprov|21(7)}} - {{aifmdprov|general responsibilities of depositary}} <br> | |||
That, in a {{nutshell}}, provides: | That, in a {{nutshell}}, provides: |