Regulatory AlertsDOC-2016-01 Approval Procedure for Investment Firm Custodians of UCITS - Procedure for Reviewing the Specifications of Other UCITS and AIF Custodians
The French Autorité des Marchés Financiers (AMF) issued Instruction DOC-2016-01 to define the approval procedures and activity programs for UCITS custodians holding investment firm status. The document details the required specifications for credit institutions and their branches acting as UCITS custodians, including the submission and approval process for these specifications. Additionally, it establishes the content and transmission requirements for the specifications of Alternative Investment Fund (AIF) custodians.
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III - Service Providers III. 2 - Other Service Providers III. 2.2 - Custodians
Doctrine UCITS
DOC-2016-01 Approval Procedure for Investment Firm Custodians of UCITS - Procedure for Reviewing the Specifications of Other UCITS and AIF Custodians
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Applicable as of May 4, 2021 Instruction DOC-2016-01
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Summary Instruction DOC-2016-01 clarifies the conditions and procedures for the approval of UCITS custodians with the status of an investment firm and the content of their activity program; it also describes the content of the specifications for credit institutions and branches of credit institutions acting as UCITS custodians, as well as the conditions for transmission to the AMF and the AMF's approval process for these specifications. This document also clarifies the content and transmission conditions for the specifications of AIF custodians.
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Reference texts
Article L.214-10-1 of the Monetary and Financial Code
Articles 323-1-A to 323-41 of the General Regulation
Annex 1: Appointment of the head of the custodian function
Delegated Act published by the European Commission on December 17, 2015
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Instruction DOC-2016-01 clarifies the conditions and procedures for the approval of UCITS custodians with the status of an investment firm and the content of their activity program; it also describes the content of the specifications for credit institutions and branches of credit institutions acting as UCITS custodians, as well as the conditions for transmission to the AMF and the AMF's approval process for these specifications. This document also clarifies the content and transmission conditions for the specifications of AIF custodians.
Download the doctrine
Reference texts
Article L.214-10-1 of the Monetary and Financial Code
Articles 323-1 to 323-22 of the General Regulation
Articles 323-23 to 323-41 of the General Regulation
Delegated Act published by the European Commission on December 17, 2015
Instruction DOC-2016-01 clarifies the conditions and procedures for the approval of UCITS custodians with the status of an investment firm and the content of their activity program; it also describes the content of the specifications for credit institutions and branches of credit institutions acting as UCITS custodians, as well as the conditions for transmission to the AMF and the AMF's approval process for these specifications. This document also clarifies the content and transmission conditions for the specifications of AIF custodians.
Download the doctrine
Reference texts
Article L.214-10-1 of the Monetary and Financial Code
Articles 323-1 to 323-22 of the General Regulation
Articles 323-23 to 323-41 of the General Regulation
Delegated Act published by the European Commission on December 17, 2015
Instruction DOC-2016-01 clarifies the conditions and procedures for the approval of UCITS custodians with the status of an investment firm and the content of their activity program; it also describes the content of the specifications for credit institutions and branches of credit institutions acting as UCITS custodians, as well as the conditions for transmission to the AMF and the AMF's approval process for these specifications. This document also clarifies the content and transmission conditions for the specifications of AIF custodians.
Download the doctrine
Reference texts
Article L.214-10-1 of the Monetary and Financial Code
Articles 323-1 to 323-22 of the General Regulation
Articles 323-23 to 323-41 of the General Regulation
Delegated Act published by the European Commission on December 17, 2015
Keywords
AIFM
Legal notices: Publisher: The Director of the Communication Department of the AMF. Contact: Communication Department, Autorité des marchés financiers - 17, place de la Bourse - 75082 Paris Cedex 02