Chapter III Operating conditions for AIFMs (arts. 16-82)

Comparing proposed amendment...


	Section 1 General principles (arts. 16-29)
Applicable	Article 16 General obligations for competent authorities
Applicable	Article 17 Duty to act in the best interests of the AIF or the investors in the AIF and the integrity of the market
Applicable	Article 18 Due diligence
Applicable	Article 19 Due diligence when investing in assets of limited liquidity
Applicable	Article 20 Due diligence in the selection and appointment of counterparties and prime brokers
Applicable	Article 21 Acting honestly, fairly and with due skills
Applicable	Article 22 Resources
Applicable	Article 23 Fair treatment of investors in the AIF
Applicable	Article 24 Inducements
Applicable	Article 25 Effective employment of resources and procedures - handling of orders
Applicable	Article 26 Reporting obligations in respect of execution of subscription and redemption orders
Applicable	Article 27 Execution of decisions to deal on behalf of the managed AIF
Applicable	Article 28 Placing orders to deal on behalf of AIFs with other entities for execution
Applicable	Article 29 Aggregation and allocation of trading orders
	Section 2 Conflicts of interest (arts. 30-37)
Applicable	Article 30 Types of conflicts of interest
Applicable	Article 31 Conflicts of interest policy
Applicable	Article 32 Conflicts of interest related to the redemption of investments
Applicable	Article 33 Procedures and measures preventing or managing conflicts of interest
Applicable	Article 34 Managing conflicts of interest
Applicable	Article 35 Monitoring conflicts of interest
Applicable	Article 36 Disclosure of conflicts of interest
Applicable	Article 37 Strategies for the exercise of voting rights
	Section 3 Risk management (arts. 38-45)
Applicable	Article 38 Risk management systems
Applicable	Article 39 Permanent risk management function
Applicable	Article 40 Risk management policy
Applicable	Article 41 Assessment, monitoring and review of the risk management systems
Applicable	Article 42 Functional and hierarchical separation of the risk management function
Applicable	Article 43 Safeguards against conflicts of interest
Applicable	Article 44 Risk limits
Applicable	Article 45 Risk measurement and management
	Section 4 Liquidity management (arts. 46-49)
Applicable	Article 46 Liquidity management system and procedures
Applicable	Article 47 Monitoring and managing liquidity risk
Applicable	Article 48 Liquidity management limits and stress tests
Applicable	Article 49 Alignment of investment strategy, liquidity profile and redemption policy
	Section 5 Investment in securitisation positions (arts. 50-56)
Applicable	Article 50 Definitions
Applicable	Article 51 Requirements for retained interest
Applicable	Article 52 Qualitative requirements concerning sponsors and originators
Applicable	Article 53 Qualitative requirements concerning AIFMs exposed to securitisations
Applicable	Article 54 Corrective action
Applicable	Article 55 Grandfathering clause
Applicable	Article 56 Interpretation
	Section 6 Organisational requirements - general principles (arts. 57-66)
Applicable	Article 57 General requirements
Applicable	Article 58 Electronic data processing
Applicable	Article 59 Accounting procedures
Applicable	Article 60 Control by the governing body, senior management and supervisory function
Applicable	Article 61 Permanent compliance function
Applicable	Article 62 Permanent internal audit function
Applicable	Article 63 Personal transactions
Applicable	Article 64 Recording of portfolio transactions
Applicable	Article 65 Recording of subscription and redemption orders
Applicable	Article 66 Recordkeeping requirements
	Section 7 Valuation (arts. 67-74)
Applicable	Article 67 Policies and procedures for the valuation of the assets of the AIF
Applicable	Article 68 Use of models to value assets
Applicable	Article 69 Consistent application of valuation policies and procedures
Applicable	Article 70 Periodic review of valuation policies and procedures
Applicable	Article 71 Review of individual values of assets
Applicable	Article 72 Calculation of the net asset value per unit or share
Applicable	Article 73 Professional guarantees
Applicable	Article 74 Frequency of valuation of assets held by open-ended AIFs
	Section 8 Delegation of AIFM functions (arts. 75-82)
Applicable	Article 75 General principles
Applicable	Article 76 Objective reasons for delegation
Applicable	Article 77 Features of the delegate
Applicable	Article 78 Delegation of portfolio or risk management
Applicable	Article 79 Effective supervision
Applicable	Article 80 Conflicts of interest
Applicable	Article 81 Consent and notification of sub-delegation
Applicable	Article 82 Letter-box entity and AIFM no longer considered to be managing an AIF

Previous Next

Document overview

Set a date to view the document

Text comparison

Print / Export Options

Export

Report template

Alert me to changes

Bookmarks

Search within this document

Request a trial

The best way to experience Better Regulation is to try it - free and without obligation.

Set a date to view the document

Text comparison

Print / Export Options

Export

Report template

Alert me to changes

Bookmarks

Search within this document

Share

Chapter III Operating conditions for AIFMs (arts. 16-82)

Log in

Request a trial

The best way to experience Better Regulation is to try it - free and without obligation.