The Depositary has a duty to ensure that all transactions and valuations are compliant with the relevant requirements of the Directive.

To achieve this, we will:

  • perform a risk assessment at the commencement of the relationship involving the fund, the investment manager and other service providers
  • produce a “Depositary Services Agreement” between ourselves and the fund or fund manager – tailored to the specific needs of the fund which will define the operating model
  • monitor all transactions and valuations and report any instances of non‑compliance with the Directive
  • carry out on‑going checks and validations to ensure all assets continue to be correctly registered in the name of the fund.


Heritage Depositary Company (UK) Limited is an affiliate member of DATA

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