The new AIFM Directive has made significant changes in the regulatory environment of the alternative fund industry. The role of the depositary has not been changed substantially, but the risks to be monitored by the depositary and potential liability have increased significantly. Core responsibilities of an AIFMD Depositary include
- Safekeeping of investor assets,
- Cash flow monitoring,
- Overseeing compliance with AIFMD and fund specific rules.
Depowise was specially built to support Depositaries in fulfilling those duties.