# The Undertakings for Collective Investment in Transferable Securities Regulations 2011, Regulation 15D: Depositary liability for other losses


If a UK UCITS, or unit-holders of a UK UCITS, have suffered losses other than a loss of a financial instrument referred to in regulation 15C, the depositary is liable to the UCITS or to the unit-holders of the UCITS for those losses, if the losses are as a result of the depositary’s negligent or intentional failure to comply with any implementing provision that applies to it.

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Source: https://www.legislation.gov.uk/uksi/2011/1613/regulation/15D (the official version)
Page: https://openlegislation.uk/undertakings-for-collective-investment-in-transferable-securities-regulations-2011/regulation-15D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.