+Article 9 7.

Article 9 7.

To cover potential professional liability risks resulting from activities AIFMs may carry out pursuant to this Directive, both internally managed AIFs and external AIFMs shall either:

(a) 

have additional own funds which are appropriate to cover potential liability risks arising from professional negligence; or

(b) 

hold a professional indemnity insurance against liability arising from professional negligence which is appropriate to the risks covered.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards