ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investment Schemes) Regulations
37. Reports by a custodian
Edition: 2022-12-31 · In force
37. Reports by a custodian
The custodian must provide to the fund manager, trustee or board of directors as the case may be, and on the Authority—(a)a written statement at agreed reporting dates which lists all assets of the scheme in the scheme account(s) together with a full account of all receipts and payments made and other actions taken by the custodian;(b)advice or notification of any transfers of collective investment scheme portfolio or securities to or from the scheme account(s) indicating the securities acquired for the account(s) and the identity of the party having physical possession of such securities;(c)a copy of the most recent audited financial statements of the custodian prepared together with such information regarding the policies and procedures of the custodian as the fund manager, trustee or board of directors may request in connection with the agreement or the duties of the custodian under that agreement; and(d)provide a report annually to the Authority demonstrating that compliance with these Regulations, the incorporation documents, the information memorandum and the rules of the collective investment scheme, has been achieved.