Liability of a Fund Depository Bank Working Group

Working Group Co-Chairs

Urs Staehli


To produce an educational paper explaining the intermediary chains, responsibilities and inherent risks – addressing not only traditional securities, but also unit shares of mutual funds (e.g. direct deposit with non-regulated registrars), derivatives, cash, etc.


Letter to European Commission (09/2009), PDF 125 kB
Final paper: UCITS Depositary Functions – Risks and Liabilities (10/2009), PDF 262 kB