Template:Nutshell UCITS V 22(5)

22(5). The depositary must hold the UCITS’ assets in safekeeping as follows:

(a) “custodiable” financial instruments:

(i) hold in them custody (whether in registered form of physically delivered);

(ii) register all registrable financial instruments in segregated accounts in the depositary’s books per Art. 16 of the miFID implementing directive (2006/73/EC (EUR Lex)), in the UCITS’ name so they can be clearly identified as belonging to the UCITS;

(b) other assets:

(i) verify the UCITS’s ownership of the assets based on information or documents provided by the UCITS or its management company any other available evidence;

(ii) keep an up-to-date record of those assets which it is satisfied that the UCITS owns.