icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Commission Delegated Regulation 2016/438/EU supplementing Directive 2009/65/EC with regard to obligations of depositaries (UCITS V Level 2)RecitalsChapter 1 Definitions and details of the written contract (arts. 1-2)Article 1 DefinitionsArticle 2 Contract for the appointment of a depositaryChapter 2 Depositary functions, due diligence duties, segregation obligation and insolvency protection (arts. 3-17)Article 3 Oversight duties - general requirementsArticle 4 Duties regarding subscription and redemptionsArticle 5 Duties regarding the valuation of unitsArticle 6 Duties regarding the carrying out of the UCITS' instructionsArticle 7 Duties regarding the timely settlement of transactionsArticle 8 Duties related to the UCITS' income calculation and distributionArticle 9 Cash monitoring - general requirementsArticle 10 Monitoring of the UCITS' cash flowsArticle 11 Duties regarding payments upon the subscriptionsArticle 12 Financial instruments to be held in custodyArticle 13 Safekeeping duties with regard to assets held in custodyArticle 14 Safekeeping duties regarding ownership verification and record keepingArticle 15 Due diligenceArticle 16 Segregation obligationArticle 17 Insolvency protection of UCITS assets when delegating custody functionsChapter 3 Loss of financial instruments and liability discharge (arts. 18-19)Article 18 Loss of a financial instrument held in custodyArticle 19 Liability dischargeChapter 4 Independence requirements and final provisions (arts. 20-25)Article 20 Management bodyArticle 21 Common managementArticle 22 Appointment of depositary and delegation of safekeepingArticle 23 Conflicts of interestArticle 24 Independence of management boards and supervisory functionsArticle 25 Entry into force and applicationDone at
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 10th January 2025
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext

Chapter 2 Depositary functions, due diligence duties, segregation obligation and insolvency protection (arts. 3-17)

(Article 22(3), (4) and (5) and Article 22a(2)(c) and (d) of Directive 2009/65/EC)

 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
PreviousNext