For the purpose of paragraph 3, AIFs managed by the AIFM, including AIFs for which the AIFM has delegated functions in accordance with Article 20 but excluding AIF portfolios that the AIFM is managing under delegation, shall be deemed to be the portfolios of the AIFM.
Za namene odstavka 3 se kot premoženje UAIS obravnava premoženje AIS, ki jih upravlja UAIS, vključno z AIS, za katere je UAIS v skladu s členom 20 prenesel naloge, razen premoženja, ki jih je UAIS prevzel v upravljanje.