Template:UCITS V 22(5): Difference between revisions
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Amwelladmin (talk | contribs) m Amwelladmin moved page Template:UCITS 22(5) to Template:UCITS V Article 22(5) |
Amwelladmin (talk | contribs) m Amwelladmin moved page Template:UCITS V Article 22(5) to Template:UCITS V 22(5) |
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Revision as of 15:00, 17 December 2018
22(5). The assets of the UCITS shall be entrusted to the depositary for safekeeping as follows:
- (a) for financial instruments that may be held in custody, the depositary shall:
- (i) hold in custody all financial instruments that may be registered in a financial instruments account opened in the depositary’s books and all financial instruments that can be physically delivered to the depositary;
- (ii) ensure that all financial instruments that can be registered in a financial instruments account opened in the depositary’s books are registered in the depositary’s books within segregated accounts in accordance with the principles set out in Article 16 of Directive 2006/73/EC (EUR Lex), opened in the name of the UCITS or the management company acting on behalf of the UCITS, so that they can be clearly identified as belonging to the UCITS in accordance with the applicable law at all times;
- (i) hold in custody all financial instruments that may be registered in a financial instruments account opened in the depositary’s books and all financial instruments that can be physically delivered to the depositary;
- (b) for other assets, the depositary shall:
- (i) verify the ownership by the UCITS, or by the management company acting on behalf of the UCITS, of such assets by assessing whether the UCITS or the management company acting on behalf of the UCITS holds the ownership based on information or documents provided by the UCITS or by the management company and, where available, on external evidence;
- (ii) maintain a record of those assets for which it is satisfied that the UCITS or the management company acting on behalf of the UCITS holds the ownership and keep that record up to date.
- (i) verify the ownership by the UCITS, or by the management company acting on behalf of the UCITS, of such assets by assessing whether the UCITS or the management company acting on behalf of the UCITS holds the ownership based on information or documents provided by the UCITS or by the management company and, where available, on external evidence;