Article 10

Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) · European Union

1. N° single company shall act as both management company and depositary. 2. In the context of their respective roles the management company and the depositary must act independently and solely in the interest of the unit-holders.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-27 · Text as adopted (Official Journal); later amendments are not incorporated in this text.