These new rules cover a number of important and related areas including:-
•the general provision of delegation,
•resolving potential conflicts of interest,
•rules for delegating to third countries outside the European Union,
•providing objective reasons for delegation to third parties
•the delegation of portfolio or risk management duties
•the requirements around depositaries who wish to delegate their duties to a third party.
Under AIFMD, liability regarding delegation has changed - the onus now falls squarely on the manager.
Read the full presentation here:-
Signup to all our free Global Perspectives white papers and articles by emailing:-