+Article 35 Oversight duties
---+Article 35 1.
---+Article 35 2.
---+Article 35 3.

Article 35 Oversight duties

1. Overview

Summary	Regulation
Article 35 1.	In addition to the tasks referred to in Article 34(1) and (2), the depositary appointed for oversight duties shall: (a) carry out instructions of the IORP, unless they conflict with national law or the IORP's rules; (b) ensure that in transactions involving the assets of an IORP relating to a pension scheme any consideration is remitted to the IORP within the usual time limits; and (c) ensure that income produced by assets is applied in accordance with the rules of the IORP.
Article 35 2.	Notwithstanding paragraph 1, the home Member State of the IORP may establish other oversight duties to be performed by the depositary.
Article 35 3.	Where no depositary is appointed for oversight duties, the IORP shall implement procedures which ensure that the tasks, otherwise subject to oversight by depositaries, are being duly performed within the IORP.

Requirements
Source	Requirement

Standards
Source	Requirement

Builddate: 17.01.2025 00:00:00 -Doknr: CELEX:32016L2341
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