The AMF published an Instruction No 2016-01 providing the requirements for entities wishing to act as custodian of UCITS and AIFs. The Instruction details:

  • the authorization process for custodian of UCITS funds;
  • the submittal of performance signification (cahier des charges) for custodians of UCITS and AIFs; and
  • the content of the programme of activity of such custodians.