Art. 12b

(Art. 14 para. 1^terCISA)

1. Tasks are deemed to be delegated if the SICAV and the representatives of foreign collective investment schemes appoint a service provider to independently and permanently perform in full or in part a material task, thereby changing the circumstances underlying the authorisation.
2. Material tasks are deemed to be:
   1. ¹ for a SICAV: tasks in accordance with Article 36 CISA;
   2. for a representative of foreign collective investment schemes: tasks in accordance with Article 124 CISA.