Safekeeping and asset verification

Safekeeping and asset verification includes:

• Verification of ownership of the fund’s assets, ensuring that assets are properly registered in the name of the fund or its depositary
• Maintain an updated register of such assets, recording all relevant details and changes in ownership or status
• Oversight and control of custodians, monitoring third-party custodians holding the fund’s assets and ensuring compliance with agreed procedures
• Safekeeping of other assets than financial instruments that can be held in custody, including regular reconciliation and confirmation of holdings
• Recordkeeping and verification of other assets not eligible for custody, such as real estate or private equity, through documentation review and ongoing checks
• Periodic review and reconciliation of asset records to ensure accuracy and completeness
• Immediate notification of any discrepancies or irregularities in asset ownership or custody