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🔗 Back to Summary. 🇫🇷 French Version: 2016R0438_FR.11. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 10 – Monitoring of the UCITS’ cash flows ⬅️ | ➡️ Article 12 – Financial instruments to be held in custody
Références LVL1 <=> LVL2
Level 1 reference(s): 2009L0065_EN.22a, 2009L0065_EN.22
Article 11 - Duties regarding payments upon the subscriptions
A management company or an investment company shall ensure that the depositary is provided with information about payments made by or on behalf of investors upon the subscription of units of an UCITS at the close of each business day on which the investment company or the management company acting on behalf of the UCITS, or a party acting on behalf of UCITS, such as a transfer agent, receives such payments or an order from the investor. The management company or the investment company shall ensure that the depositary receives all other relevant information it needs to make sure that the payments are booked in cash accounts opened in the name of the investment company or in the name of the management company acting on behalf of the UCITS or in the name of the depositary in accordance with Article 22(4) of Directive 2009/65/EC.