Delegation of depositary functions - UCITS V Provision

According to recital 15 of the level 2 delegated regulations under UCITS V (makes you weep, doesn't it) “when delegating safekeeping functions to a third party in accordance with Article Template:Ucitsprov of 2009/65/EC (EUR Lex), the Template:Ucitsprov is required to implement and apply an appropriate and documented procedure to ensure that the delegate complies with the requirements of Article Template:Ucitsprov of that Directive at all times. In order to ensure a sufficient level of protection of assets, it is necessary to set out certain principles that should be applied in relation to the delegation of safekeeping functions.”

22a - delegation of depositary functions

22a(1) -

22a(2) -

22a(3) -

22a(4) -

Article

REDIRECT template:ucitsprov, 91|EU (91|EU_22a|view template)

UCITS Anatomy

This is an article about undertakings for collective investment in transferable securities directive (UCITS).

Resources: UCITS IV (2009/65/EC (EUR Lex)) | UCITS V (2014/91/EU (EUR Lex)) | ESMA Guidance on UCITS | Depositary comparison under AIFMD and UCITS
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