Preamble
Recitals 31
Chapter I - SUBJECT-MATTER, SCOPE AND DEFINITIONS (Article 1-3) 3
Chapter II - ADMINISTRATIVE PROCEDURES AND CONTROL MECHANISM (Article 12(1)(a) and Article 14(1)(c) of Directive 2009/65/EC) (Article 4-16) 14
Chapter III - CONFLICT OF INTERESTS (Article 12(1)(b) and Article 14(1)(d) and (2)(c) of Directive 2009/65/EC) (Article 17-21) 5
Chapter IV - RULES OF CONDUCT (Article 14(1)(a), (b) and (2)(a), (b) of Directive 2009/65/EC) (Article 22-29) 8
Chapter V - PARTICULARS OF THE STANDARD AGREEMENT BETWEEN A DEPOSITARY AND A MANAGEMENT COMPANY (Article 23(5) and Article 33(5) of Directive 2009/65/EC) (Article 30-37) 8
Chapter VI - RISK MANAGEMENT (Article 51(1) of Directive 2009/65/EC) (Article 38-45) 8
Chapter VII - FINAL PROVISIONS (Article 46-48) 3
Amending acts 1
- Commission Delegated Directive (EU) 2021/1270from 01/08/2022

operational risk

Definitions over time (1)

01/08/2022 – today applies on 11/11/2026 Article 3, Commission Directive 2010/43/EU Scope: Whole act

For the purposes of this Directive, the following definitions shall apply in addition to the definitions set out in Directive 2009/65/EC:

‘operational risk’ means the risk of loss for the UCITS resulting from inadequate internal processes and failures in relation to people and systems of the management company or from external events, and includes legal and documentation risk and risk resulting from the trading, settlement and valuation procedures operated on behalf of the UCITS;

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