ESMA clarifies AIFMD provisions on depositaries and CSDs

01/10/2015

The European Securities and Markets Authority (ESMA) has published its updated Questions and Answers document (Q&A) for the Alternative Investment Funds Management Directive (AIFMD) in relation to depositaries.

The Q&A now clarifies that when an Alternative Investment Fund’s (AIF) depositary sub-delegates custody of the AIF’s assets to either an EU or third-country central securities depositary (CSD), that CSD must comply with the provisions on delegation under Article 21(11) of the AIFMD.

Related Posts

Previous Post
ISLA publishes updated position paper on FTT
Next Post
Options Clearing Corp seclending CCP volume in Sept 2015 up 29% over Sept 2014

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account