The Council today adopted a directive amending EU rules on investment funds as concerns depository functions, remuneration policies and sanctions (PE-CONS 75/14 + 11728/14 + ADD 1).
The text amends directive 2009/65/EC on undertakings for collective investment in transferable securities (UCITS), introducing specific provisions on the depository's safekeeping and oversight duties, and defining the conditions in which safekeeping duties can be delegated to a sub-custodian.
Click here for full details.
