+SECTION 1 General principles
---+Article 16 General obligations for competent authorities
---+Article 17 Duty to act in the best interests of the AIF or the investors in the AIF and the integrity of the market
------+Article 17 1.
------+Article 17 2.
---+Article 18 Due diligence
------+Article 18 1.
------+Article 18 2.
------+Article 18 3.
------+Article 18 4.
------+Article 18 5.
------+Article 18 6.
---+Article 19 Due diligence when investing in assets of limited liquidity
------+Article 19 1.
------+Article 19 2.
---+Article 20 Due diligence in the selection and appointment of counterparties and prime brokers
------+Article 20 1.
------+Article 20 2.
------+Article 20 3.
------+Article 20 4.
---+Article 21 Acting honestly, fairly and with due skills
---+Article 22 Resources
------+Article 22 1.
------+Article 22 2.
------+Article 22 3.
---+Article 23 Fair treatment of investors in the AIF
------+Article 23 1.
------+Article 23 2.
---+Article 24 Inducements
------+Article 24 1.
------+Article 24 2.
---+Article 25 Effective employment of resources and procedures — handling of orders
------+Article 25 1.
------+Article 25 2.
------+Article 25 3.
------+Article 25 4.
---+Article 26 Reporting obligations in respect of execution of subscription and redemption orders
------+Article 26 1.
------+Article 26 2.
------+Article 26 3.
------+Article 26 4.
---+Article 27 Execution of decisions to deal on behalf of the managed AIF
------+Article 27 1.
------+Article 27 2.
------+Article 27 3.
------+Article 27 4.
------+Article 27 5.
------+Article 27 6.
------+Article 27 7.
---+Article 28 Placing orders to deal on behalf of AIFs with other entities for execution
------+Article 28 1.
------+Article 28 2.
------+Article 28 3.
------+Article 28 4.
------+Article 28 5.
---+Article 29 Aggregation and allocation of trading orders
------+Article 29 1.
------+Article 29 2.
------+Article 29 3.
------+Article 29 4.

SECTION 1 General principles

SECTION 1 General principles

1. Ħarsa ġenerali

,
Titlu Regolamentazzjoni
Article 16 General obligations for competent authorities

Article 16

General obligations for competent authorities

When assessing the AIFM’s compliance with Article 12(1) of Directive 2011/61/EU, the competent authorities shall use at least the criteria laid down in this Section.

Article 17 Duty to act in the best interests of the AIF or the investors in the AIF and the integrity of the market
Article 18 Due diligence
Article 19 Due diligence when investing in assets of limited liquidity
Article 20 Due diligence in the selection and appointment of counterparties and prime brokers
Article 21 Acting honestly, fairly and with due skills

Article 21

Acting honestly, fairly and with due skills

In order to establish whether an AIFM conducts its activities honestly, fairly and with due skills, competent authorities shall assess, at least, whether the following conditions are met:

(a) 

the governing body of the AIFM possesses adequate collective knowledge, skills and experience to be able to understand the AIFM’s activities, in particular the main risks involved in those activities and the assets in which the AIF is invested;

(b) 

the members of the governing body commit sufficient time to properly perform their functions in the AIFM;

(c) 

each member of the governing body acts with honesty, integrity and independence of mind;

(d) 

the AIFM devotes adequate resources to the induction and training of members of the governing body.

Article 22 Resources
Article 23 Fair treatment of investors in the AIF
Article 24 Inducements
Article 25 Effective employment of resources and procedures — handling of orders
Article 26 Reporting obligations in respect of execution of subscription and redemption orders
Article 27 Execution of decisions to deal on behalf of the managed AIF
Article 28 Placing orders to deal on behalf of AIFs with other entities for execution
Article 29 Aggregation and allocation of trading orders

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti
Sors Rekwiżit

3. Standards relatati

Standards
Sors Rekwiżit