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🔗 Back to Summary. 🇫🇷 French Version: 2013R0231_FR.87. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 86 – Monitoring of the AIF’s cash flows ⬅️ | ➡️ Article 88 – Financial instruments to be held in custody
Références LVL1 <=> LVL2
Level 1 reference(s): 2011L0061_EN.21 > 2
Article 87 - Duties regarding subscriptions
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. The AIFM shall ensure that the depositary receives all other relevant information it needs to make sure that the payments are then booked in cash accounts opened in the name of the AIF or in the name of the AIFM acting on behalf of the AIF or in the name of the depositary in accordance with the provisions of EU.