(1) The depositary shall:
(a) ensure that the sale, issue, repurchase, redemption and cancellation of units of the UCITS are carried out in accordance with these Regulations and the trust deed, the deed of constitution or the investment company's articles;
(b) ensure that the value of the units of the UCITS is calculated in accordance with these Regulations and the trust deed, the deed of constitution or the investment company's articles;
(c) carry out the instructions of the management company or an investment company, unless they conflict with these Regulations, or with the trust deed, the deed of constitution or the investment company's articles;
(d) ensure that in transactions involving the assets of the UCITS any consideration is remitted to the UCITS within the usual time limits;
(e) ensure that the income of the UCITS is applied in accordance with the trust deed, the deed of constitution or the investment company's articles.
(2) The depositary shall enquire into the conduct of t
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