1. Where a Qualifying Investor AIF has a registered AIFM, the registered AIFM must comply with the following provisions of the AIFM Regulations:
(a) Delegation – Regulation 21(1)(f)
(b) Liquidity management – Regulation 18(3)
(c) Valuation – Regulation 20(1) to (7) and 1st sentence of Regulation 20(15)
(d) Transparency obligations – Regulation 23 excluding Regulation 23(2)(e) and Regulation 23(2)(f) and Regulation 24 excluding Regulations 24(1)(e), 24(1)(p), 24(2), 24(4) and 24(5).
2. Where a Qualifying Investor AIF has a registered AIFM, the registered AIFM must ensure that a single depositary is appointed in accordance with Regulation 22(1).
3. Where a Qualifying Investor AIF has a registered AIFM, the registered AIFM must comply with the following provisions of AIFMD Level 2:
Article 20 Due diligence in the selection and appointment of counterparties and prime brokers
Article 27 Execution of decisions to deal on behalf of the managed AIF
…