AIF custodial assets
101 financial instruments of an AIF that can be:
- (a) registered in a financial instruments account opened in the depositary's books; or
- (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.]