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S.L. 514.3 · Retirement Pensions (Control Of Assets) (S.L. 514.3)

S.L. 514.3 ст. 16Custody of assets of a retirement scheme or retirement fund.

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(1) The custody of all the assets of a retirement scheme shall be entrusted to the person responsible for the operation, administration and management of the retirement scheme or to a custodian appointed by an instrument in writing with the approval of the competent authority.

(2) The custody of all the assets of a retirement fund set up as an investment company with variable share capital shall be entrusted to the board of directors of the retirement fund or to a custodian appointed by an instrument in writing with the approval of the competent authority.