The Committee of European Securities Regulators (CESR) has been working on a number of issues relating to UCITS depositaries. Originally the focus of CESR’s work was on assessing the impact of the Madoff fraud on the fund industry. This work was then widened to include the duties and responsibilities of UCITS depositaries.

CESR carried out a mapping exercise among its members to establish how the various rules on depositary obligations have been implemented. A summary of the mapping exercise was included as an annex to CESR’s response to the European Commission’s consultation on the UCITS depositary function.

On 15 January 2010, CESR published the detailed, country level information that was collected during the mapping exercise.

View Mapping of duties and liabilities of UCITS depositaries, 15 January 2010