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Template:Nutshell AIFMD DR20: Difference between revisions
Template:Nutshell AIFMD DR20 (view source)
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Amwelladmin (talk | contribs) (Created page with "'''Article {{aifmdprov|DR20}} - Due diligence in the selection and appointment of counterparties and prime brokers'''<br> {{aifmdprov|DR20(1)}}. When selecting and monitori...") |
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:(c) have the necessary organisational structure and resources to carry out their services. <br> | :(c) have the necessary organisational structure and resources to carry out their services. <br> | ||
{{aifmdprov|DR20(3)}}. When appraising their financial soundness the {{aifmdprov|AIFM}} must consider whether the entity in question is subject to prudential regulation, capital requirements and effective supervision. <br> | {{aifmdprov|DR20(3)}}. When appraising their financial soundness the {{aifmdprov|AIFM}} must consider whether the entity in question is subject to prudential regulation, capital requirements and effective supervision. <br> | ||
{{aifmdprov|DR20( | {{aifmdprov|DR20(4)}}. The AIFM’s senior management must approve the list of selected prime brokers. In exceptional cases prime brokers not included in the list may be appointed provided that they fulfil the requirements laid down in paragraph {{aifmdprov|DR20(2)}} and subject to approval by senior management. The AIFM must be able to demonstrate the reasons for such a choice and the [[due diligence]] it exercised when selecting and monitoring any such [[prime broker]]. <br> | ||