FUND 3.11.21R - FCA Rulebook Term

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FUND 3.11.21R, Investment Funds sourcebook

FUND 3.11.21R

(1) A depositary must hold in custody all AIF custodial assets.
(2) The depositary must ensure that all AIF custodial assets that can be registered in a financial instruments account are registered in the depositary's books within segregated accounts opened in the name of the AIF, or the AIFM acting on behalf of the AIF, so that they can be clearly identified as belonging to the AIF at all times in accordance with the applicable law and CASS 6.1.16IA R (Depositaries of AIFs).

[Note: 21(8)(a) of AIFMD]

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Compare: 21(8)(a) of AIFMD.

Conduct of Business

This is an article about the FCA's Investment Funds sourcebook, known by its chapter in the FCA Sourcebook, FUND.

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