Where the transfer of portfolio management or risk management is proposed, the Regulation defines the types of regulated entities in the EU that are considered to be authorised for this purpose10. It also notes that, under certain conditions, non-EU companies authorised under the study manager or those that are authorised or registered for asset management purposes and that are subject to effective supervision by a competent authority in their home country may also be eligible11. In particular, a written agreement must be concluded between the competent authorities of the home Member State of the AIFM (competent authority) and the supervisory authorities of the delegate, allowing the competent authority to: 10. ESMA shall make available to the public best practices that can be established through peer reviews. .