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The Role of the Depositary

DATA Members

Who's Who at DATA

What are CIS?

Investment Trusts

Unit Trusts

OEICs

Advantages of CIS

Types of Funds

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About DATA

The Depositary and Trustee Association (DATA) was formed in 1999 and represents the industry views of depositaries of open-ended investment companies (OEICs) and trustees of unit trusts within the UK.

Its prime objective is to promote, support, oppose or propose changes in the relevant UK and EU legislation, in respect of the responsibilities of members of the Association and to promote and support the development of the depositary and unit trust trustee industry in the UK.  In addition, DATA undertakes to promote and support research, and to co-ordinate and support initiatives for the future growth of the industry.

The Association has a corporate structure with its Board of Directors forming an Executive Committee.  The Directors are drawn from, and represent, the membership of the Association.  The Association is supported by a Secretariat function.

Besides the Executive Committee which meets monthly, there is also a Technical Committee and numerous specific sub-committees working on industry issues, supported by the Association's Secretariat.  DATA will endeavor to represent the industry views to major regulatory and influencing bodies such as the Financial Services Authority, HM Treasury, the Inland Revenue and the EU Commission.  The Committee also responds to industry developments, particularly concerning new regulations, market developments and market events.

The representatives of the various organisations who make up the Executive Committee share resources and responsibilities covering, for example, Capital Adequacy, Single Pricing, Anti Money Laundering and issues such as the events of September 11th.  The Committee has also reviewed the impact of N2 when the FSA was formed from the previous regulatory infrastructure of the UK financial markets and the introduction of the new Collective Investment Schemes Sourcebook.

To find out more about the industry that DATA represents, click here.

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Disclaimer:  The material and information contained on this website is provided for general information only. DATA does not provide any investment advice and you are recommended to obtain professional financial advice where appropriate.