Laws, regulations and other texts

Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012

supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositaries, leverage, transparency and supervision

This regulation has been adopted with the aim to clarify certain elements of the AIFMD. This regulation relates to:

- the conditions and procedure defining an alternative investment fund manager and governing its authorisation, in particular then applicable own funds requirements;

- the operating condition of AIFMs, in particular the policies on remuneration, conflicts of interest, risk management, liquidity management, investment in securitisation positions, organisational requirements and valuation;

- the conditions relating to the delegation of AIFM functions;

- the rules relating to the depositaries, in particular the tasks and responsibilities of the depositaries;

- the information requirements and calculation of the leverage;

- the rules on cooperation arrangements.