The document discusses the criteria for determining whether a direct contractual counterparty of a bank qualifies as an Alternative Investment Fund (AIF) or an Alternative Investment Fund Manager (AIFM) based on the transfer of credit risk and the issuance of securities. It outlines the conditions under which a transaction is considered to be acting on behalf of an AIF and within the scope of the AIF's terms of investment. The document also includes a table for assessing whether a transaction is potentially prohibited or permissible under the Global Systemically Important Banks (GSSA) regulations.
documents/vol00010-efta01363156-pdf.pdf
{"key_people":["J. K."],"document_date":"2019","document_type":"legal","document_subtype":"legal analysis","key_organizations":["Bank"],"reference_numbers":["WM178929","025886.070317","DB-SDNY-0053054","SDNY_GM_00199238","EFTA01363156"]}