Open on EUR-Lex ↗

Article 55

Article 55

By way of derogation from Articles 7 (1) and 14 (1), the competent authorities may authorize those UCITS which, on the date of adoption of this Directive, had two or more depositaries in accordance with their national law to maintain that number of depositaries if those authorities have guarantees that the functions to be performed under Articles 7 (3) and 14 (3) will be performed in practice.

Official text · consolidated version 20/03/2008 (in force) Open full page ↗
6 queries · page built in 127 msInventory f82bbfa3