Template:Nutshell AIFMD 21(7): Difference between revisions

Template:Nutshell AIFMD 21(7) (view source)

84 bytes removed , 2 November 2018

no edit summary

82,892

edits

@@ Line 1: / Line 1: @@
-{{aifmdprov|21(7)}}: The {{aifmdprov|depositary}} must: monitor  the {{aifmdprov|AIF}}’s cashflows to ensure that all subscription payments have been received, all cash has been booked in cash accounts opened in the {{aifmdprov|AIF}}'s name (or the {{aifmdprov|AIFM}} or {{aifmdprov|depositary}} acting on behalf of the {{aifmdprov|AIF}} at an approved {{tag|credit institution}}. <br>
+{{aifmdprov|21(7)}} '''Depositary obligations re cash''': The {{aifmdprov|depositary}} must ensure that: <br>
+:[[AIF]]’s cashflows are properly monitored; and <br>
+:subscription payments are properly received and all cash booked in the {{aifmdprov|depositary}}’s accounts at a suitable [[bank]] <br>