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How does this characterization affect the risk to Lennon Fund’s investors in terms of asset safety? In other words, in terms of asset safety, how is investing in the Is structured Note different from investing in FTSE 100 securities directly?

FIN1085B1 Depositary Functions
  • What is the depositary role and responsibility with respect to Starr’s investment activity on behalf of the Lennon Fund?
  • How would the Structured Note be characterized under the UCITS Directive, i.e., what kind of asset is it?
  • How does this characterization affect the risk to Lennon Fund’s investors in terms of asset safety? In other words, in terms of asset safety, how is investing in the Is structured Note different from investing in FTSE 100 securities directly?
  • What actions should MTS take, if any?