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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 March 2016 - onwards
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Regulation 81 Provisions applicable where master UCITS and feeder UCITS have different depositaries

(1)

(a) Where a master UCITS and a feeder UCITS have different depositaries, those depositaries shall enter into an information-sharing agreement in order to ensure the fulfilment of the duties of both depositaries.

(b) A feeder UCITS authorised by the Bank shall not invest in units of a master UCITS until such agreement has become effective.

(c) Where it complies with the requirements laid down in this Part, a depositary of a master UCITS authorised by the Bank or of a feeder UCITS authorised by the Bank shall be not be found to be in breach of any rules that restrict the disclosure of information or relate to data protection where such rules are provided for in contract or in law, regulation or administrative provision. Such compliance shall not give rise to any liability on the part of such depositary or any person acting on its behalf.

(d) A feeder UCITS authorised by the Bank shall communicate to its depositary any information about the master UCITS which is required for the compl

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