+Artikel 12 Berufshaftungsrisiken
---+Article 12 1.
---+Article 12 2.
---+Article 12 3.

Artikel 12 Berufshaftungsrisiken

1. Übersicht

,
Article 12 1.
The professional liability risks to be covered pursuant to Article 9(7) of Directive 2011/61/EU shall be risks of loss or damage caused by a relevant person through the negligent performance of activities for which the AIFM has legal responsibility.
Article 12 2.

Professional liability risks as defined in paragraph 1 shall include, without being limited to, risks of:

(a) 

loss of documents evidencing title of assets of the AIF;

(b) 

misrepresentations or misleading statements made to the AIF or its investors;

(c) 

acts, errors or omissions resulting in a breach of:

(i) 

legal and regulatory obligations;

(ii) 

duty of skill and care towards the AIF and its investors;

(iii) 

fiduciary duties;

(iv) 

obligations of confidentiality;

(v) 

AIF rules or instruments of incorporation;

(vi) 

terms of appointment of the AIFM by the AIF;

(d) 

failure to establish, implement and maintain appropriate procedures to prevent dishonest, fraudulent or malicious acts;

(e) 

improperly carried out valuation of assets or calculation of unit/share prices;

(f) 

losses arising from business disruption, system failures, failure of transaction processing or process management.
Article 12 3.
Professional liability risks shall be covered at all times either through appropriate additional own funds determined in accordance with Article 14 or through appropriate coverage of professional indemnity insurance determined in accordance with Article 15.

1.1 Referenzen

1.2 Identifizierte Anforderungen

1.3 Zugehörige Standards

2. Identifizierte Anforderungen

Anforderungen

3. Zugehörige Standards

Standards
  • Builddate: 12.02.2024 00:00:00 -Doknr: CELEX:32013R0231
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