Template:Depositarycomparison: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 20: | Line 20: | ||
'''Safekeeping functions''': | '''Safekeeping functions''': | ||
*'''{{tag|UCITS V}}''': (Article {{ucitsprov|22(5)}} Significantly more detailed requirements than {{tag|UCITS IV}}: Assets to be entrusted to the {{ucitsprov|depositary}} for safekeeping. Different requirements for financial instruments capable of being held in custody and "other assets". | *'''{{tag|UCITS V}}''': (Article {{ucitsprov|22(5)}}) Significantly more detailed requirements than {{tag|UCITS IV}}: Assets to be entrusted to the {{ucitsprov|depositary}} for safekeeping. Different requirements for financial instruments capable of being held in custody and "other assets". | ||
*'''{{tag|AIFMD}}''': Similar requirement to {{tag|UCITS V}}: {{tag|UCITS V}} has additional requirement to provide regular inventories of UCITS assets held | *'''{{tag|AIFMD}}''': Similar requirement to {{tag|UCITS V}}: {{tag|UCITS V}} has additional requirement to provide regular inventories of UCITS assets held | ||
Line 32: | Line 32: | ||
'''Delegation''': | '''Delegation''': | ||
*'''{{tag|UCITS V}}''': New to {{tag|UCITS V}} | *'''{{tag|UCITS V}}''': New to {{tag|UCITS V}} (Article {{ucitsprov|22a}}): Delegation of oversight and cash monitoring prohibited. Delegation of safekeeping functions permitted under certain conditions | ||
*'''{{tag|AIFMD}}''': Similar requirement to {{tag|UCITS V}}: {{tag|UCITS V}} has additional requirement that depositary takes ‘all reasonable steps’ to ensure that UCITS assets are not available to general creditors of the delegate upon insolvency | *'''{{tag|AIFMD}}''': Similar requirement to {{tag|UCITS V}}: {{tag|UCITS V}} has additional requirement that depositary takes ‘all reasonable steps’ to ensure that UCITS assets are not available to general creditors of the delegate upon insolvency | ||