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Template:Depositarycomparison: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "'''Depositary eligibility criteria''': *'''{{tag|UCITS V}}''': Significantly more detailed requirements than {{tag|UCITS IV}} *'''{{tag|AIFMD}}''': Less detailed requirements...") |
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'''Safekeeping functions''': | '''Safekeeping functions''': | ||
*'''{{tag|UCITS V}}''': Significantly more detailed requirements than {{tag|UCITS IV}}: Assets to be entrusted to the depositary for safekeeping. Different requirements for financial instruments capable of being held in custody and "other assets". | *'''{{tag|UCITS V}}''': (Article {{ucits5prov|22(5)}}) Significantly more detailed requirements than {{tag|UCITS IV}}: Assets to be entrusted to the {{ucits4prov|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 | ||
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'''Delegation''': | '''Delegation''': | ||
*'''{{tag|UCITS V}}''': New to {{tag|UCITS V}}: Delegation of oversight and cash monitoring prohibited. Delegation of safekeeping functions permitted under certain conditions | *'''{{tag|UCITS V}}''': New to {{tag|UCITS V}} (Article {{ucits5prov|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 | ||