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🔗 Back to Summary. 🇫🇷 French Version: 2013R0231_FR.59. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 58 – Electronic data processing ⬅️ | ➡️ Article 60 – Control by the governing body, senior management and supervisory function
Références LVL1 <=> LVL2
Level 1 reference(s): 2011L0061_EN.12, 2011L0061_EN.18
Article 59 - Accounting procedures
1.
AIFMs shall employ accounting policies and procedures as referred to in Article 57(4) so as to ensure the protection of investors. The accounting records shall be kept in such a way that all assets and liabilities of the AIF can be directly identified at all times. If an AIF has different investment compartments, separate accounts shall be maintained for those compartments.
2.
AIFMs shall establish, implement and maintain accounting and valuation policies and procedures so as to ensure that the net asset value of each AIF is accurately calculated on the basis of the applicable accounting rules and standards.