ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
70. Reports by the custodian
Edition: 2023-12-15 · In force
70. Reports by the custodian
A custodian must provide to the fund manager or the trustee and to the Authority—(a)a written statement at agreed reporting dates which lists all assets of the scheme in the scheme accounts 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 accounts indicating the securities acquired for the accounts 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 which include 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)an annual report demonstrating that compliance with these Regulations, the information memorandum, the rules of the collective investment scheme and its service agreement has been achieved.