AIF custodial assets

    financial instruments of an AIF that can be:

      1. (a) registered in a financial instruments account opened in the depositary's books; or
      1. (b) physically delivered to the depositary.

    [Note: recital 100 and articles 88 (Financial instruments to be held in custody) and 89(3) (Safekeeping duties with regard to assets held in custody) of the AIFMD level 2 regulation.]

Glossary Legal Instruments