In the Listing Rules, a person (usually a bank) that issues certificates representing certain securities that have been admitted to the Financial Conduct Authority's Official List or are the subject of an application for admission to listing. Depositary receipt is within the definition of "certificates representing certain securities" and a depositary receipt is often referred to as a Global Depositary Receipt (GDR). In relation to standard listed depositary receipts, Listing Rule 18 sets out the requirements for a depositary.

For more information on the role of the depositary in relation to depositary receipts, see Practice note, Depositary receipts: Depositary and custodian.

When considering this term in the context of financial services, reference should be made to the FCA Handbook glossary definition of depositary.