Appointment
1. On the coming into effect of an authorisation order in respect of an open-ended investment company, the person named in the application under regulation 12 as depositary of the company is deemed to be appointed as its first depositary.
2. Subject to regulations 21 and 26, any subsequent appointment of the depositary of a company must be made by the directors of the company.
Retirement
3. The depositary of a company may not retire voluntarily except upon the appointment of a new depositary.
Rights
4. The depositary of a company is entitled -
(a) to receive all such notices of, and other communications relating to, any general meeting of the company as a shareholder of the company is entitled to receive;
(b) to attend any general meeting of the company;
(c) to be heard at any general meeting which it attends on any part of the business of the meeting which concerns it as depositary;
(d) to convene a general meeting of the company when it sees fit;
(e) to requi
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