No, the custodian has no right to veto the decision of the fund manager! He just ensures the safety of fund investors' funds and has not been misappropriated!

The fund custodian shall open an independent bank deposit account for the fund and be responsible for the management of the account. That is, the fund custodian is also responsible for the receipt and payment of funds in the fund bank account and the transfer of funds. After the fund invests in securities, the fund custodian is responsible for the fund settlement of securities transactions. The fund custodian mainly has the following responsibilities:

① Safely keep all fund assets;

(2) Implementing the investment instructions of the fund manager;

(3) Supervise the investment operation of the fund manager, and have the right to report to the securities regulatory agency if it is found that the fund manager has violated the rules. And urge the fund manager to correct it;

④ Check the net asset value of the fund calculated by the fund manager and the prepared financial statements. Merger and acquisition