S.L. 370.32 Art. 48Applicability of Part 4a to depositaries providing custody services to non- UCITS Retail Schemes.

A depositary which provides custody services to a non-

UCITS retail collective investment scheme shall also comply with regulations 30 to 36:

Provided that, for the purposes of this Part, references in regulations 30 to 36 to "AIFM" and "AIF" shall be construed to refer to the "fund manager or management company" and the "non-

UCITS Retail Scheme" respectively.