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

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{{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>
:(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 {{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>
:(b) other assets: <br>
::(i) verify the {{tag|UCITS}}’s ownership of the assets based on information provided by the {{tag|UCITS}} and 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>

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.