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Template:UCITS V 22a(3): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "3. The functions referred to in Article {{ucitsprov|22(5)}} may be delegated by the {{ucitsprov|depositary}} to a third party only where that third party at all times during...") |
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3. The functions referred to in Article {{ucitsprov|22(5)}} may be delegated by the {{ucitsprov|depositary}} to a third party only where that third party at all times during the performance of the tasks delegated to it: <br> | {{ucitsprov|22a(3)}}. The functions referred to in Article {{ucitsprov|22(5)}} may be delegated by the {{ucitsprov|depositary}} to a third party only where that third party at all times during the performance of the tasks delegated to it: <br> | ||
:(a) has structures and expertise that are adequate and proportionate to the nature and complexity of the assets of the {{tag|UCITS}} or the management company acting on behalf of the {{tag|UCITS}} which have been entrusted to it; <br> | :(a) has structures and expertise that are adequate and proportionate to the nature and complexity of the assets of the {{tag|UCITS}} or the management company acting on behalf of the {{tag|UCITS}} which have been entrusted to it; <br> | ||
:(b) for custody tasks referred to in point (a) of Article {{ucitsprov|22(5)}}, is subject to: <br> | :(b) for custody tasks referred to in point (a) of Article {{ucitsprov|22(5)}}, is subject to: <br> | ||