1.A unit trust's assets must be entrusted to a depositary for safe-keeping.
2.A depositary's liability as referred to in Article 9 shall not be affected by the fact that it has entrusted to a third party all or some of the assets in its safe-keeping.
3.A depositary must, moreover:
ensure that the sale, issue, re-purchase, redemption and cancellation of units effected on behalf of a unit trust or by a management company are carried out in accordance with the law and the fund rules;
ensure that the value of units is calculated in accordance with the law and the fund rules;
carry out the instructions of the management company, unless they conflict with the law or the fund rules;
ensure that in transactions involving a unit trust's assets any consideration is remitted to it within the usual time limits;
ensure that a unit trust's income is applied in accordance with the law and the fund rules.