Version status: Applicable | Document consolidation status: Updated to reflect all known changes

Published date: 24 March 2016

Commission Delegated Regulation 2016/438/EU supplementing Directive 2009/65/EC with regard to obligations of depositaries (UCITS V Level 2)

	Recitals
	Chapter 1 Definitions and details of the written contract (arts. 1-2)
	Article 1 Definitions
	Article 2 Contract for the appointment of a depositary
	Chapter 2 Depositary functions, due diligence duties, segregation obligation and insolvency protection (arts. 3-17)
	Article 3 Oversight duties - general requirements
	Article 4 Duties regarding subscription and redemptions
	Article 5 Duties regarding the valuation of units
	Article 6 Duties regarding the carrying out of the UCITS' instructions
	Article 7 Duties regarding the timely settlement of transactions
	Article 8 Duties related to the UCITS' income calculation and distribution
	Article 9 Cash monitoring - general requirements
	Article 10 Monitoring of the UCITS' cash flows
	Article 11 Duties regarding payments upon the subscriptions
	Article 12 Financial instruments to be held in custody
	Article 13 Safekeeping duties with regard to assets held in custody
	Article 14 Safekeeping duties regarding ownership verification and record keeping
	Article 15 Due diligence
	Article 16 Segregation obligation
	Article 17 Insolvency protection of UCITS assets when delegating custody functions
	Chapter 3 Loss of financial instruments and liability discharge (arts. 18-19)
	Article 18 Loss of a financial instrument held in custody
	Article 19 Liability discharge
	Chapter 4 Independence requirements and final provisions (arts. 20-25)
	Article 20 Management body
	Article 21 Common management
	Article 22 Appointment of depositary and delegation of safekeeping
	Article 23 Conflicts of interest
	Article 24 Independence of management boards and supervisory functions
	Article 25 Entry into force and application
	Done at