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''See also {{aifmdprov|depositary lite}}'' | ''See also {{aifmdprov|depositary lite}}'' | ||
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 {{ucitsprov|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 {{ucitsprov|depositary}} under UCITS V, and the handy [[Depositary comparison under AIFMD and UCITS|comparison]] between the two regimes. |