Template:Nutshell AIFMD 21(5)

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21(5): Jurisdiction: Depositary must be established in either:

(a) home Member State of the AIF;

(b) for non-EU AIFs, in the country of the AIF, the home Member State of the AIFM, or the Member State of reference of the AIFM (don't you just LOVE THIS GAME???!)

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