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Template:Nutshell AIFMD 21(11): Difference between revisions
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:(a) it isn’t trying to avoid its {{tag|AIFMD}} obligations; | :(a) it isn’t trying to avoid its {{tag|AIFMD}} obligations; | ||
:(b) it has an {{aifmdprov|objective reason}} for doing so; | :(b) it has an {{aifmdprov|objective reason}} for doing so; | ||
:(c) it has exercised all due skill, care and [[due dilly|diligence]] in selecting its | :(c) it has exercised all due skill, care and [[due dilly|diligence]] in selecting its [[delegate]], and must continuously monitors that {{aifmdprov|third party}}; | ||
:(d) it ensures the | :(d) it ensures the [[delegate]] meets the following conditions: | ||
::(i) it is sophisticated enough to properly look after the {{aifmdprov|AIF}}’s assets; | ::(i) it is sophisticated enough to properly look after the {{aifmdprov|AIF}}’s assets; | ||
::(ii) it is effectively regulated, capitalised, supervised and audited to holds [[Financial instrument - AIFMD Provision|financial instruments]] in [[custody]]; | ::(ii) it is effectively regulated, capitalised, supervised and audited to holds [[Financial instrument - AIFMD Provision|financial instruments]] in [[custody]]; | ||