The Commission has published new guidance aimed at providing clarification about Designated Custodians' duties and the standards of conduct that are expected of them when they act for Open-Ended Collective Investment Schemes. Designated Custodians should be able to demonstrate knowledge of the underlying assets of the scheme in order to mitigate the risk of the scheme being used for criminal purposes.

To see the guidance, please click here.

To view this notification in full, please click here.

For further information and guidance, please contact the Advisory Team at Aspida via info@aspidagroup.com