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New version applies from 09/01/2024 — introduced by Regulation (EU) 2023/2869. 63 provisions change. Article 48 changes in this version: compare with the current text.

Article 48 - Depositary

Article 48
Depositary

1. The PEPP providers referred to in points (c), (e) and (f) of Article 6(1) shall appoint one or more depositaries for the safekeeping of assets in relation to the PEPP provision business and oversight duties.

2. For the appointment of the depositary, the execution of its tasks in relation to the safekeeping of assets and the liability of the depositary and for the oversight duties of the depositary, Chapter IV of Directive 2009/65/EC shall be applied accordingly.

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