Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 August 2019 - onwards
  Version 3 of 3    

Regulation 22 Depositary.

(1) For each AIF it manages, the AIFM shall ensure that a single depositary is appointed in accordance with this Regulation.

(2) The appointment of the depositary shall be evidenced by written contract. The contract shall, inter alia, govern the communication and exchange of information deemed necessary to allow the depositary to perform its functions for the AIF for which it has been appointed as depositary, as set out in these Regulations and in other relevant laws, regulations or administrative provisions.

(3)

(a) The depositary shall be:

(i) a credit institution having its registered office in the State or another Member State and authorised in accordance with Directive 2006/48/EC;

(ii) an investment firm having its registered office in the State or another Member State subject to capital adequacy requirements in accordance with Article 20(1) of Directive 2006/49/EC including capital requirements for operational risks and authorised in accordance with Directive 2004/39/EC and which