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Third party - AIFMD Provision: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "From the recital to {{AIFMD}}: {{box|(39) It should be possible for a {{aifmdprov|depositary}} to delegate the safe-keeping of assets to a {{aifmdprov|third party}} which, in...") |
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From the recital to {{AIFMD}}: | From the recital to {{tag|AIFMD}}: | ||
{{box|(39) It should be possible for a {{aifmdprov|depositary}} to delegate the safe-keeping of assets to a {{aifmdprov|third party}} which, in its turn, should be able to delegate that function. However, delegation and sub-delegation should be objectively justified and subject to strict requirements in relation to the suitability of the third party entrusted with the delegated function, and in relation to the due skill, care and diligence that the {{aifmdprov|depositary}} should employ to select, appoint and review that {{aifmdprov|third party}}. <br> | {{box|(39) It should be possible for a {{aifmdprov|depositary}} to delegate the safe-keeping of assets to a {{aifmdprov|third party}} which, in its turn, should be able to delegate that function. However, delegation and sub-delegation should be objectively justified and subject to strict requirements in relation to the suitability of the third party entrusted with the delegated function, and in relation to the due skill, care and diligence that the {{aifmdprov|depositary}} should employ to select, appoint and review that {{aifmdprov|third party}}. <br> | ||