Safekeeping by depositary - UCITS V Provision: Difference between revisions

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{{eudirsnap|22(5)|UCITS V}}
{{ucits5anat|22(5)|UCITS V}}Note the {{ucits5prov|depositary}} may delegate the safekeeping function to a third party {{ucits5prov|22a}} only in limited circumstances, one of which being that the delegate (for which read [[prime broker]]) cannot [[reuse]] the assets for its own account (though it can put them into an [[agent lending]] programme): See {{ucits5prov|22(7)}}.


Note the depositary may delegate this function to a third party only in limited circumstances, one of which being no right of reuse: See {{ucits5prov|22a}}(3):


{{eudirsnap|22a(3)|UCITS V}}
 
{{ucitsanatomy}}
{{sa}}
*Article {{ucits5prov|22a(3)}} relating to [[depositary]] [[delegation]]
*[[Rehypothecation]]
*[[Agent lending]]