2012 Investment Company Fact Book - A Review of Trends and Activity in the U.S. Investment Company Industry
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Three options emerged for harmonising the scope of institutions that are deemed to provide
sufficient guarantees in terms of prudential regulation and capital requirements to fulfil the
task of being a depositary. The impact assessment concludes that both credit institutions and
regulated investment firms provide sufficient guarantees in terms of prudential regulation,
capital requirements and effective supervision to act as UCITS depositaries. Other institutions
(such as, e.g., law firms, notaries) are not deemed to provide these guarantees and would
have, if they wished to act as UCITS depositaries, to transform themselves into regulated
investment firms. As most UCITS depositaries...
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2012 Investment Company Fact Book - A Review of Trends and Activity in the U.S. Investment Company Industry
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2012 Investment Company Fact Book - A Review of Trends and Activity in the U.S. Investment Company Industry
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