+Article 20 2.

Article 20 2.

When selecting prime brokers or counterparties of an AIFM or an AIF in an OTC derivatives transaction, in a securities lending or in a repurchase agreement, AIFMs shall ensure that those prime brokers and counterparties fulfil all of the following conditions:

(a) 

they are subject to ongoing supervision by a public authority;

(b) 

they are financially sound;

(c) 

they have the necessary organisational structure and resources for performing the services which are to be provided by them to the AIFM or the AIF.

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