Safekeeping (UCITS) - #312-301*

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The custody of the assets of an undertaking for collective investment in transferable securities (“UCITS”) shall be entrusted to a depositary for safekeeping as stated in Articles 18(4) & 34(3) of the UCI Law (as defined below). 

The depositary shall be a financial institution within the meaning of the Law of 5 April 1993 on the financial sector, as amended (Articles 17(3) & 33(3) of the UCI Law). 

References: the amended law of 17 December 2010 relating to undertakings for collective investment (the “UCI Law”), Chapter 2 – Common funds in transferable securities: Article 17(3), (5) & 18(4), Chapter 3 – SICAVs in transferable securities: Articles 33(3), (4) & 34(3); What is the Minimum Capital for a UCITS Fund?, October 29, 2020, Bertrand Mariaux.

*Podcast #312:

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*YouTube Video 301|: 

Contributor: Cédric Buisine, Avocat

Editor: Hannah Seulgee Jung

Bertrand Mariaux, Avocat à la Cour, LL.M. (hons.)

Prestation de serment (Swearing-in oath): Luxembourg (2011), Certificat d’Aptitude à la Profession d’Avocat, École de Formation professionnelle des Barreaux de la Cour d’appel de Paris (2009), Bond University (LL.M. (distinct.), International Legal Practice, 2010), Université Sorbonne Paris Nord & University of Limerick (Master in European & International Law - major in economics, 2008), certified Expert in Microfinance (Frankfurt School of Finance & Management, 2015), social entrepreneurship (University of Oxford, 2015 & The Wharton School of Social Policy & Practice, 2014) and social & solidarity economy (International Labour Organization Academy - Social & Solidarity Economy, Organisation Internationale du Travail - Économie Sociale et Solidaire, 2017)