+Article 19 1.

Article 19 1.

Where AIFMs invest in assets of limited liquidity and where such investment is preceded by a negotiation phase, they shall, in relation to the negotiation phase, in addition to the requirements laid down in Article 18:

(a) 

set out and regularly update a business plan consistent with the duration of the AIF and market conditions;

(b) 

seek and select possible transactions consistent with the business plan referred to in point (a);

(c) 

assess the selected transactions in consideration of opportunities, if any, and overall related risks, all relevant legal, tax-related, financial or other value affecting factors, human and material resources, and strategies, including exit strategies;

(d) 

perform due diligence activities related to the transactions prior to arranging execution;

(e) 

monitor the performance of the AIF with respect to the business plan referred to in point (a).

1. Vue d’ensemble

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1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences

3. Normes associées

Normes