Delegation of depositary functions - UCITS V Provision: Difference between revisions

:(f) adequate organisational arrangements are introduced to minimise the risk of loss or diminution of the financial instruments, or of rights in connection with those financial instruments as a result of fraud, poor administration, inadequate registering or negligence;

:(g) the UCITS’s ownership right or the ownership right of the management company acting on behalf of the UCITS over the assets is verified.

2.  Where a depositary has delegated its safekeeping functions, with regard to assets held in custody, to a third party in accordance with Article 22a of {{eudirective|2009|65|EC}}, it shall remain subject to the requirements of points (b) to (e) of paragraph 1 of this Article. The depositary shall also ensure that the third party complies with the requirements of points (b) to (g) of paragraph 1 of this Article.