Home / CY AIF Law of 2018 / PART ΙΙ: PROVISIONS REGARDING THE ALTERNATIVE INVESTMENT FUNDS / Chapter 6: AIF depositary / [29] Specific tasks of the depositary.

29. Specific tasks of the depositary.

(1) The appointment of a depositary shall be evidenced by a written contract between the depositary and the external manager or the AIF, in case it is internally managed, which shall regulate the flow of information deemed necessary to allow the depositary to perform the depositary functions as set out-

(a) in the Alternative Investment Fund Managers Law or the legislation of another Member State which harmonises Directive 2011/61/EE respectively, in case the external manager is an AIFM; or

(b) in this Law, in all other cases.

(2) The depositary shall provide to the Securities and Exchange Commission the ability to receive, upon request, all the information obtained by the depositary during the performance of its tasks, which are necessary or useful for the purposes of supervision of the AIF.

(3) The Securities and Exchange Commission may, by means of a directive, specify the technical matters or the details governing the deposit of the assets of the AIF for safekeeping to a depositary, or for the measures taken by the depositary to fulfil its duties in relation to the AIF, including the particulars that need to be included in the written contract referred to in section (1).