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8.4. Cash Flow Monitoring

The Depositary shall in general ensure that the Fund cash flows are properly monitored and shall, in particular ensure that:

1. 1. 1.  all payments made by or on behalf of investors upon the subscription of units of an Fund have been received; and

1. 1. 2.  all cash of the Fund has been booked in cash accounts opened in the name of the Fund or on the name of the Manager acting on behalf of the Fund or in the name of the depositary acting on behalf of the Fund at an entity referred to in sub-paragraphs (a), (b), (c) or (d) of paragraph 20 of the Directive for the Authorisation and Operating Conditions of CIFs, DI144-2007-01 of 2012, or another entity of the same nature, in the relevant market where cash accounts are required, provided that such entity is subject to effective prudential regulation and supervision which have the same effect as Union law and are effectively enforced and in accordance with the principles set out in paragraph 18 of the Directive for the Authorisation and Operating Conditions of CIFs, DI144-2007-01 of 2012.