(1) A depositary which falls within Regulation 35(2)(c) of the UCITS Regulations shall, in accordance with paragraphs (2) and (3), prepare and submit to the Bank financial accounts of the depositary.
(2) A depositary shall:
(a) prepare annual audited accounts of the depositary in the format prescribed by the Bank from time to time;
(b) submit the annual audited accounts of the depositary to the Bank within 4 months of the year-end; and
(c) ensure that, when submitted to the Bank in accordance with subparagraph (b), the annual accounts of the depositary are accompanied by the annual audited accounts of every corporate shareholder of the depositary.
(3) A depositary shall:
(a) prepare half-yearly accounts of the depositary twice in every financial year to cover, respectively:
(i) the first six months of the financial year of the relevant depositary,
(ii) the second six months of the relevant financial year; and
(b) in each case to which subparagraph (a) applies, submit the half-year