The Depositary for our UK domiciled funds is Citibank Europe Plc, UK Branch (a UK branch of an Irish company). Citi are in the process of transferring the UK Depositary activities into one of their UK entities. This activity is due to be completed in May 2021. Whilst this will require some changes to our literature to reflect the change in company location, there is no impact to customers or the service you receive.
The existing Ireland based depositary entity will be able to continue to provide services to our UK domiciled funds from 1 Jan 2021, operating under the UK’s temporary permissions regime.