Template:Nutshell AIFMD 21(7): Difference between revisions

Latest revision as of 17:05, 2 November 2018

21(7) Depositary obligations re cash: The depositary must ensure that:

AIF’s cashflows are properly monitored; and

subscription payments are properly received and all cash booked in the depositary’s accounts at a suitable bank

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-{{aifmdprov|21(7)}}: The {{aifmdprov|depositary}} must: monitor  the {{aifmdprov|AIF}}’s cashflows to ensure that all subscription payments have been received, all cash has been booked in cash accounts opened in the {{aifmdprov|AIF}}'s name (or the {{aifmdprov|AIFM}} or {{aifmdprov|depositary}} acting on behalf of the {{aifmdprov|AIF}} at an approved {{tag|credit institution}}. <br>
+{{aifmdprov|21(7)}} '''Depositary obligations re cash''': The {{aifmdprov|depositary}} must ensure that: <br>
+:[[AIF]]’s cashflows are properly monitored; and <br>
+:subscription payments are properly received and all cash booked in the {{aifmdprov|depositary}}’s accounts at a suitable [[bank]] <br>