Template:Nutshell UCITS V 22(5): Difference between revisions

Latest revision as of 13:30, 14 August 2024

22(5). The depositary must hold the UCITS’ assets in safekeeping as follows:

(a) “custodiable” financial instruments:

(i) hold in them custody (whether in registered form of physically delivered);

(ii) register all registrable financial instruments in segregated accounts in the depositary’s books so it is clear they belong to the UCITS;

(b) other assets:

(i) verify the UCITS’s ownership of the assets based on information provided by the UCITS and any other available evidence;

(ii) keep an up-to-date record of those assets which it is satisfied that the UCITS owns.

@@ Line 1: / Line 1: @@
-{{ucits5prov|22(5)}}. The {{ucits5prov|depositary}} must hold the {{tag|UCITS}}’ assets in safekeeping as follows:
+{{ucits5prov|22(5)}}. The {{ucits5prov|depositary}} must hold the [[UCITS]]’ assets in safekeeping as follows:
 :(a) “custodiable” [[financial instrument]]s: <br>
 ::(i) hold in them custody (whether in registered form of physically delivered); <br>
-::(ii) register all registrable financial instruments in segregated accounts in the {{ucits5prov|depositary}}’s books per Art. 16 of the miFID implementing directive ({{eudirective|2006|73|EC}}), in the {{tag|UCITS}}’ name so they can be clearly identified as belonging to the {{tag|UCITS}}; <br>
+::(ii) register all registrable [[financial instrument]]s in segregated accounts in the {{ucits5prov|depositary}}’s books so it is clear they belong to the [[UCITS]]; <br>
 :(b) other assets: <br>
-::(i) verify the {{tag|UCITS}}’s ownership of the assets based on information or documents provided by the {{tag|UCITS}} or its management company any other available evidence; <br>
+::(i) verify the [[UCITS]]’s ownership of the assets based on information provided by the [[UCITS]] and any other available evidence; <br>
-::(ii) keep an up-to-date record of those assets which it is satisfied that the {{tag|UCITS}} owns. <br>
+::(ii) keep an up-to-date record of those assets which it is satisfied that the [[UCITS]] owns. <br>