AIFMD 'depo-lite' financial strength questions

With no strict liability for loss of assets, how safe are ‘depository-lite' services?

viewpoint-dam
‘Depository-lite’ services deliver oversight over functions largely performed today by a fund administrator but not custody. With no strict liability for loss of assets, how safe are they? By Stuart Holman, principal at regulatory consultant CCL Compliance.

Under the alternative investment fund managers directive (AIFMD), EU alternative investment funds (AIFs) managed by EU AIFMs must appoint a single depository and in most cases the depository must be domiciled in the same location as the AIF

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here