Template:Nutshell UCITS V 22(5): Difference between revisions
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{{ucits5prov|22(5)}}. The {{ucits5prov|depositary}} must hold the | {{ucits5prov|22(5)}}. The {{ucits5prov|depositary}} must hold the [[UCITS]]’ assets in safekeeping as follows: | ||
:(a) “custodiable” [[financial instrument]]s: <br> | :(a) “custodiable” [[financial instrument]]s: <br> | ||
::(i) hold in them custody (whether in registered form of physically delivered); <br> | ::(i) hold in them custody (whether in registered form of physically delivered); <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 | ::(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> | :(b) other assets: <br> | ||
::(i) verify the | ::(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 | ::(ii) keep an up-to-date record of those assets which it is satisfied that the [[UCITS]] owns. <br> |
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;
- (i) hold in them custody (whether in registered form of physically delivered);
- (b) other assets: