Investment Services Act (Depositaries (S.L. 370.32)

Inhalt

1. Art. 1 Citation and scope.
2. Art. 2 Interpretation.
3. Art. 3 Applicability of Part 2.
4. Art. 4 Requirement of a licence.
5. Art. 5 Written contract.
6. Art. 6 Depositary’s fees.
7. Art. 7 Termination of the custody agreement.
8. Art. 8 Termination of appointment.
9. Art. 9 Replacementofthe depositary.
10. Art. 10 Insolvency of the depositary.
11. Art. 11 Assets held by the depositary constituteadistinct patrimony. Cap. 16. Cap. 16.
12. Art. 12 Scheme enjoys right of ownership in assets.
13. Art. 13 Assets held under control not subject to the rights of creditors of the depositary. Cap. 12.
14. Art. 14 Applicabilityofthe Duty on Documents and Transfers Act. Cap. 364. Cap. 123.
15. Art. 15 Applicability of Part 3.
16. Art. 16 Appointmentofthe depositary.
17. Art. 17 Eligibility criteria.
18. Art. 18 Conflicts of interest.
19. Art. 19 Oversight function.
20. Art. 20 Monitoring of cash flows function.
21. Art. 21 Safekeeping function.
22. Art. 22 Reuse of assets held in custody.
23. Art. 23 Delegation.
24. Art. 24 Liability of the depositary. Cap. 370.
25. Art. 25 Reporting obligations of the depositary.
26. Art. 26 Depositaries of AIFs.
27. Art. 27 Applicability of Part 4a.
28. Art. 28 Appointmentofthe depositary.
29. Art. 29 Eligibility criteria.
30. Art. 29A Additional eligibility criteria.
31. Art. 30 Conflicts of interest.
32. Art. 31 Monitoring of cash flows.
33. Art. 32 Safekeeping function.
34. Art. 33 Oversight function. Cap. 370. Cap. 370. Cap. 370. Cap. 370.
35. Art. 34 Delegation.
36. Art. 35 Liability of the depositary. Cap. 370.
37. Art. 36 Discharge of liability.
38. Art. 37 Reporting obligations of the depositary.
39. Art. 38 Applicability of Part 4b.
40. Art. 39 Appointmentofthe depositary.
41. Art. 40 Eligibility criteria.
42. Art. 41 Applicability of Part 4a to depositaries providing custody services to AIFs prescribed in regulation 38(1)(a).
43. Art. 42 Applicability of Part 4a to depositaries providing custody services to AIFs prescribed in regulation 38(1)(b).
44. Art. 43 Liability of the depositary.
45. Art. 44 Delegation of functions by the depositary to third parties.
46. Art. 45 Applicability of Part 5. Cap. 370.
47. Art. 46 Appointmentofthe depositary.
48. Art. 47 Eligibility criteria.
49. Art. 48 Applicability of Part 4a to depositaries providing custody services to non- UCITS Retail Schemes.
50. Art. 49 Applicability of Part 4a to Professional Investor Funds marketed to Experienced Investors.
51. Art. 50 Professional Investor Funds marketed to Qualifying and Extraordinary Investors.
52. Art. 51 Functions and duties of the depositary.
53. Art. 52 Use of clearing, settlement and de- materialised systems and settlement risk.
54. Art. 53 Independence of thedepositaryfrom the management of the collective investment scheme.
55. Art. 54 Administrationand management of the fund manager and depositary.
56. Art. 55 Liability of the depositary. Cap. 370.
57. Art. 56 Delegation of function by the depositary to a sub- depositary. Cap. 386.
58. Art. 57 Reporting obligations of the depositary.
59. Art. 58 Transitional arrangements.