Chrysalis Investments Limited Depositary Business Transfer (5646O)

TIDMCHRY

RNS Number : 5646O

Chrysalis Investments Limited

11 October 2021

The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area (other than professional investors in Belgium, Denmark, the Republic of Ireland, Luxembourg, the Netherlands, Norway and Sweden), Canada, Australia, Japan or the Republic of South Africa.

11 October 2021

Chrysalis Investments Limited ("Chrysalis" or the "Company")

Depositary Business Transfer

The depositary of the Company has changed with effect from 9 October 2021.

The Company is required by regulation to appoint a depositary to carry out certain services in relation to the Company, such as safekeeping of assets, cash monitoring and regulatory oversight.

The depositary of the Company before 9 October 2021 was Citibank Europe plc, UK branch (" CEP-UK "). CEP-UK is the UK branch of Citibank Europe plc, which is an entity incorporated in the Republic of Ireland, and was permitted to provide trustee and depositary services into the UK by virtue of having extra permissions in the UK.

As a consequence of the UK's decision to leave the European Union, however, the UK financial services regulator which regulates CEP-UK, the Financial Conduct Authority (" FCA "), has mandated that only entities incorporated and authorised in England and Wales may act as depositaries of UK authorised funds. The FCA has allowed a grace period for firms to implement the new rules which came into force on 1 January 2021. As a result of the new rules, Citibank has decided to transfer the entirety of its UK depositary business to Citibank UK Limited (" CUKL ").

CUKL is the new depositary of the Company as of 9 October 2021. CUKL is a company incorporated in England and Wales, and it is authorised by the FCA to be a trustee and depositary. CUKL will provide the same services as CEP-UK with the same processes and procedures in place.

 
 For further information, please 
  contact: 
 
  Media:                                   [phone] 
  Montfort Communications                  [e-mail] 
  Charlotte McMullen/ Toto Reissland- 
  Burghart/ Miles McKechnie 
 Jupiter Asset Management: 
  James Simpson                          [phone] 
 Liberum: 
  Chris Clarke/ Darren Vickers 
  / Owen Matthews                        [phone] 
 Numis: 
  Nathan Brown/ Matt Goss                [phone] 
 Maitland Administration (Guernsey) 
  Limited: 
  Elaine Smeja / Aimee Gontier           [phone] 
 

LEI: 213800F9SQ753JQHSW24

A copy of this announcement will be available on the Company's website at

https://www.chrysalisinvestments.co.uk

This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

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October 11, 2021 02:00 ET (06:00 GMT)