# The Open-Ended Investment Companies Regulations 2001, Paragraph 1


On the coming into effect of an authorisation order in respect of an open-ended investment company, the person named in the application under regulation 12 as depositary of the company is deemed to be appointed as its first depositary.

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Source: https://www.legislation.gov.uk/uksi/2001/1228/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/open-ended-investment-companies-regulations-2001/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.