(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) submit to the Bank -
(i) annual audited accounts of the depositary prepared in accordance with any applicable legislative requirements, and
(ii) such further information as the Bank may prescribe from time to time, and
(b) submit the information required in paragraph (a) to the Bank within four months of the year-end.
(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 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 full twelve months of the releva
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