Esma proposes two options for PB asset segregation
Esma consults on whether to impose separate accounts for the AIF assets of each delegating depository
The European Securities and Markets Authority (Esma) has published a consultation paper on asset segregation requirements under the alternative investment fund managers directive (AIFMD).
Following much debate at its board level, the paper sets out Esma's proposals for possible guidelines regarding the asset segregation requirements in case of delegation of safe-keeping duties by the appointed depository of an alternative investment fund (AIF).
The consultation is open until January 30, 2015 and
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