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Depositary - UCITS V Provision: Difference between revisions
Depositary - UCITS V Provision (view source)
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*'''Exclusion of liability''': An [[AIFMD depositary]] can, but a [[UCITS depositary]] cannot, contractually exclude its liability when it delegates the safekeeping function to a third party; and <br> | *'''Exclusion of liability''': An [[AIFMD depositary]] can, but a [[UCITS depositary]] cannot, contractually exclude its liability when it delegates the safekeeping function to a third party; and <br> | ||
*'''Disclosure''': {{tag|UCITS V}} prospectuses must describe any delegation of safekeeping arrangements, identifying the delegate, and spelling out any [[conflict of interest]] that may arise. | *'''Disclosure''': {{tag|UCITS V}} prospectuses must describe any delegation of safekeeping arrangements, identifying the delegate, and spelling out any [[conflict of interest]] that may arise. | ||
===Delegation of safekeeping=== | |||
All the good oil is in Art. {{ucits5prov|22a}}. | |||
===General duties of a [[UCITS depositary]]=== | ===General duties of a [[UCITS depositary]]=== | ||
Article {{ucits5prov|22(3)}} notes the {{ucits5prov|depositary}}’s general duties. | Article {{ucits5prov|22(3)}} notes the {{ucits5prov|depositary}}’s general duties. | ||