The institution ensures the separation of the investment assets that are managed by external fund managers from its own operating assets, to enhance accountability and transparency.
Guideline code
GG_09000
Mechanism
Mechanism
- The custodian should regularly check the assets under custody against the accounting registration of transactions and balances, and regularly report to the board and/or management of the institution.
Structure
Structure
- There should be a custodian appointed or approved by the board for the safekeeping of the institution’s assets.
- The custodian should be independent and not related to the business interests of the external fund manager.
Title HTML
Guideline 69. Custody of investment assets
Type
Guideline_1
Weight
94