{
  "url": "https://openlegislation.uk/eu-directive-2010-43",
  "json_url": "https://openlegislation.uk/eu-directive-2010-43.json",
  "id": "eudr/2010/43",
  "title": "Commission Directive 2010/43/EU of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards organisational requirements, conflicts of interest, conduct of business, risk management and content of the agreement between a depositary and a management company (Text with EEA relevance)",
  "short_title": "Commission Directive 2010/43/EU of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards organisational requirements, conflicts of interest, conduct of business, risk management and content of the agreement between a depositary and a management company",
  "long_title": "Commission Directive 2010/43/EU of 1 July 2010 implementing Directive 2009/65/EC of the European Parliament and of the Council as regards organisational requirements, conflicts of interest, conduct of business, risk management and content of the agreement between a depositary and a management company (Text with EEA relevance)",
  "citation": "EU Directive 2010/43",
  "type": "eudr",
  "year": "2010",
  "number": "43",
  "version": "current",
  "date": "2010-07-01",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-directive-2010-43/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "SUBJECT-MATTER, SCOPE AND DEFINITIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Subject matter",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Scope",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Definitions",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "chapter/II",
      "kind": "chapter",
      "number": "II",
      "heading": "ADMINISTRATIVE PROCEDURES AND CONTROL MECHANISM",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/II/section/1",
      "kind": "section",
      "number": "1",
      "heading": "General principles",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "General requirements on procedures and organisation",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Resources",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/1"
    },
    {
      "path": "chapter/II/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Administrative and accounting procedures",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Complaints handling",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/2"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Electronic data processing",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/2"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Accounting procedures",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/2"
    },
    {
      "path": "chapter/II/section/3",
      "kind": "section",
      "number": "3",
      "heading": "Internal control mechanisms",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Control by senior management and supervisory function",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Permanent compliance function",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Permanent internal audit function",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-11",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Permanent risk management function",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-12",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Personal transactions",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-13",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Recording of portfolio transactions",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-14",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Recording of subscription and redemption orders",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Recordkeeping requirements",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II/section/3"
    },
    {
      "path": "chapter/III",
      "kind": "chapter",
      "number": "III",
      "heading": "CONFLICT OF INTERESTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Criteria for the identification of conflicts of interest",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Conflicts of interest policy",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Independence in conflicts management",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/20",
      "kind": "article",
      "number": "20",
      "heading": "Management of activities giving rise to detrimental conflict of interest",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Strategies for the exercise of voting rights",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "chapter/IV",
      "kind": "chapter",
      "number": "IV",
      "heading": "RULES OF CONDUCT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/IV/section/1",
      "kind": "section",
      "number": "1",
      "heading": "General principles",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/22",
      "kind": "article",
      "number": "22",
      "heading": "Duty to act in the best interests of UCITS and their unit-holders",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/1"
    },
    {
      "path": "article/23",
      "kind": "article",
      "number": "23",
      "heading": "Due diligence requirements",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/1"
    },
    {
      "path": "chapter/IV/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Handling of subscription and redemption orders",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/24",
      "kind": "article",
      "number": "24",
      "heading": "Reporting obligations in respect of execution of subscription and redemption orders",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-24",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/2"
    },
    {
      "path": "chapter/IV/section/3",
      "kind": "section",
      "number": "3",
      "heading": "Best execution",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/25",
      "kind": "article",
      "number": "25",
      "heading": "Execution of decisions to deal on behalf of the managed UCITS",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-25",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/3"
    },
    {
      "path": "article/26",
      "kind": "article",
      "number": "26",
      "heading": "Placing orders to deal on behalf of UCITS with other entities for execution",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-26",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/3"
    },
    {
      "path": "chapter/IV/section/4",
      "kind": "section",
      "number": "4",
      "heading": "Handling of orders",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/27",
      "kind": "article",
      "number": "27",
      "heading": "General principles",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-27",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/4"
    },
    {
      "path": "article/28",
      "kind": "article",
      "number": "28",
      "heading": "Aggregation and allocation of trading orders",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-28",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/4"
    },
    {
      "path": "chapter/IV/section/5",
      "kind": "section",
      "number": "5",
      "heading": "Inducements",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/29",
      "kind": "article",
      "number": "29",
      "heading": "Safeguarding the best interests of UCITS",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-29",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV/section/5"
    },
    {
      "path": "chapter/V",
      "kind": "chapter",
      "number": "V",
      "heading": "PARTICULARS OF THE STANDARD AGREEMENT BETWEEN A DEPOSITARY AND A MANAGEMENT COMPANY",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/30",
      "kind": "article",
      "number": "30",
      "heading": "Elements related to the procedures to be followed by the parties to the agreement",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-30",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/31",
      "kind": "article",
      "number": "31",
      "heading": "Elements related to the exchange of information and to obligations on confidentiality and money-laundering",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-31",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/32",
      "kind": "article",
      "number": "32",
      "heading": "Elements related to the appointment of third parties",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-32",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/33",
      "kind": "article",
      "number": "33",
      "heading": "Elements related to potential amendments and the termination of the agreement",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-33",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/34",
      "kind": "article",
      "number": "34",
      "heading": "Applicable law",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-34",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/35",
      "kind": "article",
      "number": "35",
      "heading": "Electronic transmission of information",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-35",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/36",
      "kind": "article",
      "number": "36",
      "heading": "Scope of the agreement",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-36",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/37",
      "kind": "article",
      "number": "37",
      "heading": "Service level agreement",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-37",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "chapter/VI",
      "kind": "chapter",
      "number": "VI",
      "heading": "RISK MANAGEMENT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/VI/section/1",
      "kind": "section",
      "number": "1",
      "heading": "Risk management policy and risk measurement",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI"
    },
    {
      "path": "article/38",
      "kind": "article",
      "number": "38",
      "heading": "Risk management policy",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-38",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/1"
    },
    {
      "path": "article/39",
      "kind": "article",
      "number": "39",
      "heading": "Assessment, monitoring and review of risk management policy",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-39",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/1"
    },
    {
      "path": "chapter/VI/section/2",
      "kind": "section",
      "number": "2",
      "heading": "Risk management processes, Counterparty risk exposure and issuer concentration",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI"
    },
    {
      "path": "article/40",
      "kind": "article",
      "number": "40",
      "heading": "Measurement and management of risk",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-40",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/2"
    },
    {
      "path": "article/41",
      "kind": "article",
      "number": "41",
      "heading": "Calculation of global exposure",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-41",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/2"
    },
    {
      "path": "article/42",
      "kind": "article",
      "number": "42",
      "heading": "Commitment approach",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-42",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/2"
    },
    {
      "path": "article/43",
      "kind": "article",
      "number": "43",
      "heading": "Counterparty risk and issuer concentration",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-43",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/2"
    },
    {
      "path": "chapter/VI/section/3",
      "kind": "section",
      "number": "3",
      "heading": "Procedures for the valuation of the OTC derivatives",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI"
    },
    {
      "path": "article/44",
      "kind": "article",
      "number": "44",
      "heading": "Procedures for the assessment of the value of OTC derivatives",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-44",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/3"
    },
    {
      "path": "chapter/VI/section/4",
      "kind": "section",
      "number": "4",
      "heading": "Transmission of information on derivative instruments",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI"
    },
    {
      "path": "article/45",
      "kind": "article",
      "number": "45",
      "heading": "Reports on derivative instruments",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-45",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI/section/4"
    },
    {
      "path": "chapter/VII",
      "kind": "chapter",
      "number": "VII",
      "heading": "FINAL PROVISIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/46",
      "kind": "article",
      "number": "46",
      "heading": "Transposition",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-46",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VII"
    },
    {
      "path": "article/47",
      "kind": "article",
      "number": "47",
      "heading": "Entry into force",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-47",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VII"
    },
    {
      "path": "article/48",
      "kind": "article",
      "number": "48",
      "heading": "Addressees",
      "url": "https://openlegislation.uk/eu-directive-2010-43/article-48",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VII"
    },
    {
      "path": "signature",
      "kind": "signature",
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      "heading": "Signature",
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