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AIFMD - Depositaries: Impact on private equity firms
The Alternative Investment Fund Managers Directive (the Directive) has introduced a number of concepts which will result in private equity firms having to change their procedures. One of these is the introduction of a requirement for all funds to have a depositary (being an independent third party responsible for, among other things, safekeeping assets and monitoring cash flows).
This note sets out an analysis of the provisions of the Directive regarding depositaries which will have most impact on a private equity manager.
10 May 2011
Author: Bridget Barker
