The appointment of a depositary is one of the most important strategic decisions that managers are tasked with under the AIFMD.
Appointing a Depositary – AIFMD regulation
The appointment of a depositary is one of the most important strategic decisions that managers are tasked with under the AIFMD. Firms are required to have a depositary in place before they can have an authorization under the Directive. Further complicating matters is the fact that the few depositaries able to deliver these services may soon stop accepting new clients to mitigate the risks of having too large a client roster as they deal with the learning curve associated with the AIFMD.