AIFMD Outsourcing and Delegation
what you need to know.
This new Global Perspectives presentation reviews the delegation requirements of the AIFMD regulations and what they mean for the hedge fund industry.
These new rules cover a number of important and related areas including:-
the general provision of delegation,
resolving potential conflicts of interest,
rules for delegating to third countries outside the European Union,
providing objective reasons for delegation to third parties
the delegation of portfolio or risk management duties
the requirements around depositaries who wish to delegate their duties to a third party.
Under AIFMD, liability regarding delegation has changed - the onus now falls squarely on the manager.
It will be difficult under the new rules for managers to blame delegated third parties in the case of errors or problems with a European alternative investment fund.
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