(a) A depositary shall review the list of stock exchanges and markets that are mentioned in the UCITS prospectus to ascertain if the depositary can provide, at the date of the prospectus, for the safe-keeping of the assets of a UCITS which may be traded on these exchanges or markets, by or under the UCITS Regulations.
(b) If a depositary cannot provide custody in accordance with paragraph (a), the depositary must consult with the UCITS to ensure that the relevant exchanges or markets are removed from the list in the UCITS prospectus.
(2) A depositary shall ensure that a UCITS for which the depositary acts as depositary keeps the list of permitted stock exchanges and markets in the prospectus under review to ensure that the markets meet with all applicable regulatory criteria on an ongoing basis.