GFSC Dear CEO - Custodians of Open-Ended Collective Investment Schemes with Indirectly Held Assets [9/9/20]
01/10/2020
On the 9 September 2020 The GFSC issued a Dear CEO on its Thematic Review of a Custodian’s role in respect of Indirectly Held Assets of Open-Ended Collective Investment Schemes (“Thematic Review”). The Dear CEO letter says there were no significant regulatory concerns, however it did identify that further Commission guidance in this area would be welcomed.
https://www.gfsc.gg/sites/default/files/20200909%20-%20Dear%20CEO%20-%20Custodians%20.pdf