(1) An investment company and, for each of the funds that it manages, a management company shall ensure that a single depositary is appointed in accordance with this Part.
(2) The appointment of the depositary shall be evidenced by a written contract, which shall include provisions to regulate the flow of information deemed to be necessary to allow the depositary to perform its functions for the UCITS for which it has been appointed as depositary, as laid down in these Regulations and in any other enactment or administrative provisions.
(3) The assets of an investment company shall belong exclusively to the investment company.
(4) The assets referred to in paragraph (3) shall be segregated from the assets of the depositary or its agents and shall not be used to discharge, directly or indirectly, liabilities or claims against any other undertaking or entity and shall not be available for any such purpose.