Template:FUND 3.11.21R: Difference between revisions
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{{fcaprov|FUND 3.11.21R}} <br> | {{fcaprov|FUND 3.11.21R}} <br> | ||
(1) A {{fcaprov|depositary}} must hold in custody all {{fcaprov|AIF custodial assets}}. <br> | (1) A {{fcaprov|depositary}} must hold in custody all {{fcaprov|AIF custodial assets}}. <br> | ||
(2) The {{fcaprov|depositary}} must ensure that all {{fcaprov|AIF custodial assets}} that can be registered in a {{fcaprov|financial instruments}} account are registered in the {{fcaprov|depositary'}}s books within segregated accounts opened in the name of the {{fcaprov|AIF}}, or the {{fcaprov|AIFM}} acting on behalf of the {{fcaprov|AIF}}, so that they can be clearly identified as belonging to the {{fcaprov|AIF}} at all times in accordance with the applicable law and CASS {{cassprov|6.1.16}}IA R (Depositaries of AIFs). | (2) The {{fcaprov|depositary}} must ensure that all {{fcaprov|AIF custodial assets}} that can be registered in a {{fcaprov|financial instruments}} account are registered in the {{fcaprov|depositary'}}s books within segregated accounts opened in the name of the {{fcaprov|AIF}}, or the {{fcaprov|AIFM}} acting on behalf of the {{fcaprov|AIF}}, so that they can be clearly identified as belonging to the {{fcaprov|AIF}} at all times in accordance with the applicable law and CASS {{cassprov|6.1.16}}IA R (Depositaries of AIFs). <br> | ||
[Note: | [Note: {{aifmdprov|21(8)(a)}} of [[AIFMD]]] | ||
Latest revision as of 13:30, 14 August 2024
FUND 3.11.21R
(1) A depositary must hold in custody all AIF custodial assets.
(2) The depositary must ensure that all AIF custodial assets that can be registered in a financial instruments account are registered in the depositary's books within segregated accounts opened in the name of the AIF, or the AIFM acting on behalf of the AIF, so that they can be clearly identified as belonging to the AIF at all times in accordance with the applicable law and CASS 6.1.16IA R (Depositaries of AIFs).