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Delegation of depositary functions - UCITS V Provision: Difference between revisions
Delegation of depositary functions - UCITS V Provision (view source)
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:''Notwithstanding point (b)(i) [i.e., prudent regulation and capitalisation]'' of the first subparagraph, where the law of a third country requires that certain financial instruments be held in custody by a local entity and no local entities satisfy the delegation requirements laid down in that point [i.e., prudent regulation and capitalisation] ...'' | :''Notwithstanding point (b)(i) [i.e., prudent regulation and capitalisation]'' of the first subparagraph, where the law of a third country requires that certain financial instruments be held in custody by a local entity and no local entities satisfy the delegation requirements laid down in that point [i.e., prudent regulation and capitalisation] ...'' | ||
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*[[UCITS depositary]] | *[[UCITS depositary]] | ||
*[[AIFMD depositary]] | *[[AIFMD depositary]] | ||