2. For the purposes of this law, entities performing the functions as referred to in the preceding paragraph shall be called depositories.
Article 44 (Duties of depositories)
The duties of the depositories of pension funds shall be:
To receive on deposit or enter in the register the securities and documents pertaining to the funds;
To maintain up-to-date chronological record of all the transactions carried out and to prepare every quarter a detailed inventory of the assets of the funds.
Depositories may also be entrusted to:
Buy and sell securities and to exercise the rights of subscription and option;
Collect the income derived from the assets of the funds and to collaborate with the management company to carry out operations on the same;
c) Pay beneficiaries the pecuniary payments stated in the pension plans according to the instructions of the management company.
Article 45 (Relationship between management companies and depositories)
The regime governing the relationship between management bodies and depositories, including commissions to be charged by the latter, shall be contained in a written contract.
A copy of the contract mentioned in the preceding paragraph shall be sent to AMCM, including any subsequent amendments thereto.