+Article 20 4.

Article 20 4.

►M9  The third party may sub-delegate any of the functions or services delegated to it provided that the following conditions are met: ◄

(a) 

the AIFM consented prior to the sub-delegation;

(b) 

the AIFM notified the competent authorities of its home Member State before the sub-delegation arrangements become effective;

(c) 

the conditions set out in paragraph 1, on the understanding that all references to the ‘delegate’ are read as references to the ‘sub-delegate’.

1. Forbhreathnú

,

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

Ceanglais

3. Caighdeáin ghaolmhara

Caighdeáin