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Template:UCITS V 22(4): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{ucitsprov|22(4)}}. The {{ucitsprov|depositary}} shall ensure that the cash flows of the {{ucitsprov|UCITS}} are properly monitored, and, in particular, that all payments m...") |
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{{ | {{ucits5prov|22(4)}}. The {{ucits5prov|depositary}} shall ensure that the cash flows of the {{ucits5prov|UCITS}} 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 {{ucits5prov|UCITS}} has been booked in cash accounts that are: <br> | ||
:(a) opened in the name of the {{ | :(a) opened in the name of the {{ucits5prov|UCITS}}, of the management company acting on behalf of the {{ucits5prov|UCITS}}, or of the {{ucits5prov|depositary}} acting on behalf of the {{ucits5prov|UCITS}}; <br> | ||
:(b) opened at an entity referred to in points (a), (b) and (c) of Article 18(1) of Commission Directive {{eudirective|2006|73|EC}}; and <br> | :(b) opened at an entity referred to in points (a), (b) and (c) of Article 18(1) of Commission Directive {{eudirective|2006|73|EC}}; and <br> | ||
:(c) maintained in accordance with the principles set out in Article 16 of {{eudirective|2006|73|EC}}. <br> | :(c) maintained in accordance with the principles set out in Article 16 of {{eudirective|2006|73|EC}}. <br> | ||
Where the cash accounts are opened in the name of the {{ | Where the cash accounts are opened in the name of the {{ucits5prov|depositary}} acting on behalf of the {{ucits5prov|UCITS}}, no cash of the entity referred to in point (b) of the first subparagraph and none of the own cash of the {{ucits5prov|depositary}} shall be booked on such accounts. <br> | ||