On 30 October 2018, there was published in the Official Journal of the European Union (OJ) Commission Delegated Regulation (EU) 2018/1619 of 12 July 2018 amending Delegated Regulation (EU) 2016/438 as regards safe-keeping duties of depositaries.

Delegated Regulation 2016/438 amends the UCITS IV Directive,  further specifying depositaries’ duties with regard to safe-keeping UCITS clients’ assets. The Delegated Regulation enters into force 20 days following its publication in the OJ, that is 19 November 2018. It will apply from 1 April 2020.