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A custodian bank must be appointed for the custody of securities belonging to a UCITS or an AIF as well as for managing accounts belonging to the UCITS or AIF. A custodian bank is a credit institution that is licenced to conduct custody business.

Term-Nr.: 236

German: Depotbank (OGA und AIF) (248)

Source: FMA AT m. e. E., 30.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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