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
Leave a Reply
Want to join the discussion?Feel free to contribute!