Independent custody of Scheme assets requires Pension Funds to appoint custodians responsible for safekeeping, settlement and holdings reporting. A Pension Fund must ensure that all Scheme assets are held in the safe custody of an independent Custodian. The Custodian is responsible, in accordance ... Summary
Independent custody of Scheme assets requires Pension Funds to appoint custodians responsible for safekeeping, settlement and holdings reporting.
A Pension Fund must ensure that all Scheme assets are held in the safe custody of an independent Custodian. The Custodian is responsible, in accordance with applicable law and regulatory requirements, for safekeeping and settlement of Scheme assets and reporting of holdings.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.