Template:Delegate vs subcontractor: Difference between revisions

Template:Delegate vs subcontractor (view source)

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 ===[[Delegate]] versus [[Sub-contract|sub-contractor]]===
-''Be warned: There are people more learned in the ways of the world than [[your correspondent]] who do not share this view.'' Let’s call it a ''dissenting judgment'' therefore.
+''Be warned: There are people more learned in the ways of the world than [[your correspondent]] who do not share this view.''
+Let’s call it a ''dissenting judgment'' therefore. But it’s a cracker.
 ====The difference betwixt====
-Delegation, according to a natural definition, means “''to entrust (a task or responsibility) to another person, typically one who is less senior than oneself.''”<ref>{{google2|Define|Delegation}}</ref>.
+Delegation, according to a natural definition, means “to entrust (a task or responsibility) to another person, typically one who is less senior than oneself.”<ref>{{google2|Define|Delegation}}</ref>. So:
 :''Dear Sir/Madam: Let me introduce you to my glamorous assistant, Igor, who will carry out this work for you under my supervision. while your day-to-day interaction will be with Igor, I remain your loyal servant, and shall be answerable to you for Igor’s timely and competent performance.''
 Being ''[[Delegation|delegated]]'' a [[custody]] function — agreeing to act, as {{t|AIFMD}} puts it “as the first level of a [[custody]] chain”, as main [[custodian]] to a [[fund]] ''[[on behalf of]]'' the [[depositary]] whom the [[fund]] has appointed to carry out that function is, in our view, a quite different thing from being appointed by the depositary as a [[sub-custodian]].