Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2024-08-21.

depositary

  1. (1) (except in 27UKLR156):
    1. (a) (in relation to an ICVC) the person to whom is entrusted the safekeeping of all of the scheme property of the ICVC and who has been appointed for this purpose in accordance with regulation 5 (Safekeeping of scheme property by depositary) of and Schedule 1 (Depositaries) to the OEIC Regulations;
    2. (b) (in relation to an AUT) the trustee;
    3. (c) (in relation to any other unit trust scheme other than an AIF specified in (e)82) the person holding the property of the scheme on trust for the participants;
    4. (ca) [deleted]12471
    5. (cb) (in relation to an ACS which is a co-ownership scheme) the person who holds the property subject to the scheme or to whose order that property is held, as required by section 235A(3)(d) of the Act (Contractual schemes);81
    6. (cc) (in relation to an ACS which is a limited partnership scheme) the person who holds the property subject to the scheme or to whose order that property is held, and who has been appointed to be the person to whom the property subject to the scheme is entrusted for safekeeping, as required by section 235A(6)(e)(i) of the Act (Contractual schemes);81
    7. (d) (in relation to any other82 fund other than an AIF specified in (e))82) any person to whom the fund 82 property82 is entrusted for safekeeping.3
    8. 82(e) (for an AIF managed by a full-scope UK AIFM 124(other than an AIF which is an ICVC, an AUT or an ACS)) the person fulfilling:
      1. (i) the function of a depositary in accordance with FUND 3.4.11R; or
      2. (ii) one or more of the functions of cash monitoring, safekeeping or oversight for a non-UK AIF124 , in line with FUND 3.11.33R (1)(a) (AIFM of a non-UK AIF124).
  1. (2) (in UKLR156) a person that issues certificates representing certain securities that have been admitted to listing or are the subject of an application for admission to listing .27