What obligations does the Private Portfolio Custodian have in the event of their incapacity?
In the event of the Private Portfolio Custodian's incapacity, other than death or loss of capacity, they are required to submit a final account of the Private Portfolio audited or reviewed by an independent auditor, along with all relevant data, papers, and documents. They must hand over their work to the Private Portfolio Creator, the Beneficiaries, the Private Portfolio Protector, or the Competent Court (if appointed), and continue as the custodian of the Private Portfolio Funds until the handover is complete. They must also take necessary measures to transfer the rights over the Private Portfolio Funds to the new Private Portfolio Custodian or custodians, if there are multiple, as soon as possible.