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Article L214-11-3 of the French Monetary and Financial Code

The depositary may be held liable to the unit-holders or shareholders of the UCITS directly, or indirectly through the management company or the SICAV, to the extent of the loss suffered and subject to compliance with the principle of equal treatment of unit-holders or shareholders.

Original in French 🇫🇷
Article L214-11-3

La responsabilité du dépositaire à l’égard des porteurs de parts ou actionnaires de l’OPCVM peut être mise en cause directement, ou indirectement par l’intermédiaire de la société de gestion ou de la SICAV, dans la limite du préjudice subi et sous réserve du respect de l’égalité de traitement des porteurs de parts ou actionnaires.

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