(rules 6.6A.11 and 6.6B.13 of the Collective Investment Schemes sourcebook)

1. The contract evidencing the appointment of the depositary in accordance with Article 22(2) of Directive 2009/65/EC shall be drawn up between, on the one hand, the depositary and, on the other hand, the investment company or the management company for each of the common funds that the management company manages.

2. The contract shall include at least the following elements:

(a) a description of the services to be provided by the depositary and the procedures to be adopted by the depositary for each type of assets in which the UK UCITS may invest and which are entrusted to the depositary;

(b) a description of the way in which the safekeeping and oversight functions are to be performed depending on the types of assets and the geographical regions in which the UK UCITS plans to invest, including in respect to the safekeeping duties, country lists and procedures for adding or withdrawing countries from the lists. This shall be consistent with the information provided in the UK UCITS rules, instruments of incorporation and offering documents regarding the assets in which the UK UCITS may invest;

(c) the period of validity and the conditions for amendment and termination of the contract, including the situations which could lead to the termination of the contract and details regarding the termination procedure and the procedures by which the depositary send all relevant information to its successor;