Examples of Level 2 Regulations in a sentence
Level 2 Regulations: Article 87 An AIFM shall ensure that the depositary is provided with information about payments made by or on behalf of investors upon the subscription of units or shares of an AIF at the close of each business day when the AIFM, the AIF or a party acting on behalf of it, such as a transfer agent receives such payments or an order from the investor.
Level 2 Regulations: Article 93 In order to comply with point (a) of Article 21(9) of AIFMD the depositary shall meet the following requirements: 1.
At least 20% (twenty percent) of the members of the Board of Directors shall be Independent Directors as established by Level 2 Regulations, and they shall be expressly declared as such in the minutes of the General Meeting that elects them.
Commission Delegated Regulation (EU) 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 ( Level 2 Regulations).
Although Guernsey Depositaries are not required to opt in to comply with The AIFMD Rules, 2013, the Commission will expect Guernsey Depositaries to follow this guidance, which is predominantly based on AIFMD and the Level 2 Regulations.
The Company shall not register any transfer of shares to the Purchaser or to those that may eventually hold the Power of Control, while they have not signed the Declaration of Consent of the Controllers pursuant to the Level 2 Regulations and/or do not accept the commitment set forth in Art.
The AUM value should be derived from applying the provisions in Articles 2 and 10 of the AIFMD Level 2 Regulations.
When, as a result of complying with the percentage in the foregoing paragraph, the number produces a fraction of directors, the number shall be rounded according to the provisions of Level 2 Regulations.
After the end of each fiscal year and quarter, the Company shall disclose the set of consolidated or individual financial statements together with the management report or comments on performance and opinion or report of a special review by the independent auditors pursuant to the law and Level 2 Regulations.
The provisions set forth in Level 2 Regulations shall take precedence over statutory provisions in case of harm to the rights of the recipients of public offerings set forth in these Corporate Bylaws.