Sub Delegation Agreement

For example, a task that requires special skills or is based on the unique characteristics of the promise cannot be delegated. The Regulation clarifies that a transfer is supposed to prevent the effective supervision of the AIFM where12: the transfer of the asset management was provided for in the Regulation of the AIFM itself3 and this general approach is addressed and extended to Section 8 of the Regulation4. This section addresses the issue under a number of headings, including general principles, reasons for delegation, nature of the delegate, potential conflicts of interest, and effective follow-up of the delegate. Currently, the decision to delegate investment functions is entirely at the discretion of management. However, there will be a new obligation, in the context of the agreement on the AIFM, to justify this decision by `objective reasons`7.