Template:UCITS V 22(4)

Template:Ucitsprov. The Template:Ucitsprov shall ensure that the cash flows of the Template:Ucitsprov are properly monitored, and, in particular, that all payments made by, or on behalf of, investors upon the subscription of units of the UCITS have been received, and that all cash of the Template:Ucitsprov has been booked in cash accounts that are:

(a) opened in the name of the Template:Ucitsprov, of the management company acting on behalf of the Template:Ucitsprov, or of the Template:Ucitsprov acting on behalf of the Template:Ucitsprov;

(b) opened at an entity referred to in points (a), (b) and (c) of Article 18(1) of Commission Directive 2006/73/EC (EUR Lex); and

(c) maintained in accordance with the principles set out in Article 16 of 2006/73/EC (EUR Lex).

Where the cash accounts are opened in the name of the Template:Ucitsprov acting on behalf of the Template:Ucitsprov, no cash of the entity referred to in point (b) of the first subparagraph and none of the own cash of the Template:Ucitsprov shall be booked on such accounts.