Knowledge Base
Questions
Which entity is explicitly mentioned as authorized to act as a depositary under Article L.214-10-1 of the Code monétaire et financier?
Which article of the Code monétaire et financier requires the appointment of a single depositary for each entity?
What sanction was imposed on CACEIS Bank by the AMF in December 2025 for breaches of its depositary obligations?
What is the first fundamental function of a fund depositary according to the text?
The depositary may delegate cash flow monitoring to a third party.
The depositary may be exempted from liability in the event of loss of financial instruments if the loss results from an external event beyond its reasonable control.
Categorize items by dragging them to the appropriate zones
Items to categorize:
Obligation of result
Obligation of means
Directive that introduced cash flow monitoring for depositaries:
Click to see answer