säilytyspankkeja

Säilytyspankkeja, known in English as depositary banks, are financial institutions that hold the assets of investment funds and other clients. They play a crucial role in safeguarding securities and other financial instruments, ensuring that the assets are segregated from the bank's own assets and are managed in accordance with the client's instructions. In many jurisdictions, the role of a säilytyspankki is legally mandated for investment funds, providing an extra layer of protection for investors.

The primary function of a säilytyspankki is custody. This involves holding and administering the fund's assets, such as stocks, bonds, and other investments. They are responsible for the accurate record-keeping of these assets and ensuring their physical or electronic safekeeping. Beyond custody, säilytyspankkeja also perform oversight functions. They monitor the activities of the fund manager to ensure compliance with investment regulations, the fund's prospectus, and applicable laws. This includes verifying that subscriptions and redemptions are processed correctly, that the fund's net asset value is calculated accurately, and that the fund's income is applied as specified.

In essence, säilytyspankkeja act as an independent custodian and supervisor, providing assurance to investors that their money is being handled responsibly and that the fund's operations are transparent and compliant. Their presence is a key component of the regulatory framework designed to protect investors in the financial markets. They are distinct from the fund manager, who is responsible for making investment decisions.