Practical Law UK Glossary 0-107-6089 (Approx. 4 pages)
Glossary
Depositary
In the Listing Rules, a person (usually a bank) that issues certificates representing certain securities that have been admitted to the Financial Conduct Authority'sOfficial 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.