prime broker

Defined in Article 4, Alternative Investment Fund Managers Directive (AIFMD)

Definitions over time (2)

1. 26/06/2021 – today applies on 12/11/2026 Article 4, Alternative Investment Fund Managers Directive (AIFMD) Scope: Whole act

   For the purpose of this Directive, the following definitions shall apply:

   ‘prime broker’ means a credit institution, a regulated investment firm or another entity subject to prudential regulation and ongoing supervision, offering services to professional investors primarily to finance or execute transactions in financial instruments as counterparty and which may also provide other services such as clearing and settlement of trades, custodial services, securities lending, customised technology and operational support facilities;

2. 20/06/2013 – 13/01/2019 Article 4, Alternative Investment Fund Managers Directive (AIFMD) Scope: Whole act

   For the purpose of this Directive, the following definitions shall apply:

   ‘prime broker’ means a credit institution, a regulated investment firm or another entity subject to prudential regulation and ongoing supervision, offering services to professional investors primarily to finance or execute transactions in financial instruments as counterparty and which may also provide other services such as clearing and settlement of trades, custodial services, securities lending, customised technology and operational support facilities;

Used in (16 places in 5 provisions on 12/11/2026)

Alternative Investment Fund Managers Directive (AIFMD) (16 in 5)

Recital 43⁷ · Article 4 · Article 14² · Article 21³ · Article 23³