The law or the investment company's instruments of incorporation shall lay down the conditions for the replacement of the depositary and rules to ensure the protection of unit-holders in the event of such replacement.
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New version applies from 30/04/2004 — introduced by Markets in Financial Instruments Directive (MIFID).
82 provisions change.
Later versions: 13/04/2005, 20/03/2008.
Article 18 moves to another heading in this version: compare.