3. — Directive 2009/65/EC of the European Parliament and of the Council of 13 July…

3.

Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (recast) (Text with EEA relevance) · European Union

A depositary shall ensure the following: that the sale, issue, repurchase, redemption and cancellation of units effected by or on behalf of an investment company are carried out in accordance with the law and with the investment company’s instruments of incorporation; that in transactions involving an investment company’s assets any consideration is remitted to it within the usual time limits; and that an investment company’s income is applied in accordance with the law and its instruments of incorporation.

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