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Recital 29

Recital 29

(29)Without prejudice to this Directive, a depositary should not be prevented from making arrangements to cover damages and losses to the UCITS or to the unit-holders of the UCITS. In particular, such arrangements should not constitute a discharge of the depositary’s liability, result in a transfer or any change to the depositary’s liability nor should they impinge on investors’ rights, including redress rights.

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