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Template:Nutshell AIFMD 21(11): Difference between revisions
Template:Nutshell AIFMD 21(11) (view source)
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:(a) it shouldn’t be trying to avoiding its obligations under {{tag|AIFMD}}; | :(a) it shouldn’t be trying to avoiding its obligations under {{tag|AIFMD}}; | ||
:(b) it must have an {{aifmdprov|objective reason}} for doing so; | :(b) it must have an {{aifmdprov|objective reason}} for doing so; | ||
:(c) it must have | :(c) it must have exercised all due skill, care and [[due dilly|diligence]] on the {{aifmdprov|third party}} to whom it delegates, and must continuously monitor that {{aifmdprov|third party}}’s performance; | ||
:(d) it must ensure the {{aifmdprov|third party}} meets the following conditions: | :(d) it must ensure the {{aifmdprov|third party}} meets the following conditions: | ||
::(i) it sophisticated enough to properly look after the {{aifmdprov|AIF}}’s assets; | ::(i) it sophisticated enough to properly look after the {{aifmdprov|AIF}}’s assets; | ||