S.L. 370.32 Art. 10Insolvency of the depositary.

In the event of insolvency of the depositary and, or of any third party located in any Member State or EEA State to which custody of assets has been delegated, the assets of the scheme held in custody shall not be available for distribution among, or realisation for the benefit of, the creditors of such a depositary and, or such third party.