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Template:AIFMD DR20: Difference between revisions
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Article {{aifmdprov|DR20}} {{aifmdprov|Due diligence in the selection and appointment of counterparties and | Article {{aifmdprov|DR20}} '''{{aifmdprov|Due diligence in the selection and appointment of counterparties and prime brokers}}'''<br> | ||
{{aifmdprov|DR20}}(1). When selecting and appointing counterparties and {{aifmdprov|prime broker}}s, {{aifmdprov|AIFM}}s shall exercise due skill, care and diligence before entering into an agreement and on an ongoing basis thereafter taking into account the full range and quality of their services. <br> | {{aifmdprov|DR20}}(1). When selecting and appointing counterparties and {{aifmdprov|prime broker}}s, {{aifmdprov|AIFM}}s shall exercise due skill, care and diligence before entering into an agreement and on an ongoing basis thereafter taking into account the full range and quality of their services. <br> | ||
{{aifmdprov|DR20}}(2). When selecting {{aifmdprov|prime broker}}s or counterparties of an {{aifmdprov|AIFM}} or an {{aifmdprov|AIF}} in an [[OTC]] [[Derivative|derivatives]] transaction, in a [[securities lending]] or in a [[repurchase agreement]], {{aifmdprov|AIFM}}s shall ensure that those {{aifmdprov|prime broker}}s and counterparties fulfil all of the following conditions: | {{aifmdprov|DR20}}(2). When selecting {{aifmdprov|prime broker}}s or counterparties of an {{aifmdprov|AIFM}} or an {{aifmdprov|AIF}} in an [[OTC]] [[Derivative|derivatives]] transaction, in a [[securities lending]] or in a [[repurchase agreement]], {{aifmdprov|AIFM}}s shall ensure that those {{aifmdprov|prime broker}}s and counterparties fulfil all of the following conditions: | ||