{
  "url": "https://openlegislation.uk/open-ended-investment-companies-regulations-2001/regulation-5",
  "json_url": "https://openlegislation.uk/open-ended-investment-companies-regulations-2001/regulation-5.json",
  "legislation": "uksi/2001/1228",
  "legislation_title": "The Open-Ended Investment Companies Regulations 2001",
  "legislation_url": "https://openlegislation.uk/open-ended-investment-companies-regulations-2001",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Safekeeping of scheme property by depositary",
  "text": "(1) Subject to paragraph (2), all the scheme property of an open-ended investment company must be entrusted for safekeeping to a person appointed for the purpose (“a depositary\").\n(2) Nothing in paragraph (1)—\n(a) applies to any scheme property designated for the purposes of this regulation by FCA rules;\n(b) prevents a depositary from—\n(i) entrusting to a third party all or some of the assets in its safekeeping; or\n(ii) in a case falling within sub-paragraph (i), authorising the third party to entrust all or some of those assets to other specified persons.\n(3) Schedule 1 to these Regulations makes provision with respect to depositaries of open-ended investment companies.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Regulations substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 41(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1228/regulation/5",
    "retrieved_at": "2026-10-29T07:52:42.307916+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}