A depository of an  undertaking  for collective investment in transferable securities (UCITS) must either have its registered office in the same EU country as that of the undertaking or be established in the EU country if its registered office is in another EU country (Directive 85/611/EEC). Licences for Alternative Investment Funds Managers (AIFM) are granted to companies which have their registered office and central administration in Greece (Directive 2011/61/EU).
"Article 36 - Responsibilities and obligations of the depositary [...]
2. The depositary is:
(a) a credit institution established in Greece or in another Member State with a branch office; or
(b) an investment firm domiciled in Greece or an investment firm situated in another Member State and operating through a branch, which has been authorized to act as depositary and which is subject to capital adequacy requirements which do not fall short of the requirements calculated according to the selected according to articles 315 or 317 of Regulation (EU) 575/2013, and has own funds not lower than the amount of the initial capital, according to par. 2 of article 29 of law 4261/2014 (AD 107) [ article 28 par. 2 of Directive 2013/36]. [...]" (Law on Collective investment undertakings in transferable securities and mutual fund management companies, Directive 2009/65 / EC. Adaptation of Greek legislation to the provisions of Directives 2010/78 / EU, 2010/73 / EU, 2011/96 / EU, 2009/133 / EC, 2004/113 / EC. European Cooperative Society. Implementing measures Regulations (EC) 1338/2001 and (EU) 1210/2010 on the protection of the euro and other provisions (4099/2012), last amended by Law 4706/2020, Article 36 [google translation based on unofficial text at kodiko.gr])
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"Article 4 - Definitions (Article 4 of Directive 2011/61 / EU)
1 . For the purposes of Part AD (Articles 1-53), the following definitions apply:
(a) "AIF" means any collective investment undertaking, including any of its investment divisions, which:
aa) Raises funds from investors for the purpose of their investment in accordance with a defined investment policy for the benefit of such investors; and
bb) no license is required in accordance with article 4 of Law 4099/2012 (AD 250) or article 5 of Directive 2009/65 / EC.
(b) (aa) "AIFM" means any legal entity whose ordinary business is the management of one or more AIF.
bb) "Alternative Management Company of Alternative Investment Organizations (AEDOEE)" means the AIFM which is a societe anonyme, is based in Greece and has received an operating license from the Hellenic Capital Market Commission.
[...]
Article 8 - Conditions for granting an AEDOEE operating license (Article 8 of Directive 2011/61 / EU)
1 . The Hellenic Capital Market Commission grants an AEDOEE operating license, only if: [...]
e) the registered office and the central administration of AEDOEE are located in Greece [...]" (Law on the Adaptation of the Greek legislation to the Directive 2011/61 / EU on the managers of alternative investment institutions and the Directive 2011/89 / EU on the supplementary supervision of financial entities belonging to financial groups of heterogeneous activities, measures for the implementation of the Regulation (EU) ) 648/2012 / EU on OTC derivatives, CCPs and transaction logs and other provisions (4209/2013), last amended by Law 4706/2020, Articles 4 and 8 [google translation based on unofficial text at kodiko.gr])
Law on Collective investment undertakings in transferable securities and mutual fund management companies, Directive 2009/65 / EC. Adaptation of Greek legislation to the provisions of Directives 2010/78 / EU, 2010/73 / EU, 2011/96 / EU, 2009/133 / EC, 2004/113 / EC. European Cooperative Society. Implementing measures Regulations (EC) 1338/2001 and (EU) 1210/2010 on the protection of the euro and other provisions (4099/2012), last amended by Law 4706/2020, Article 36
Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), Article 23
Law on the Adaptation of the Greek legislation to the Directive 2011/61 / EU on the managers of alternative investment institutions and the Directive 2011/89 / EU on the supplementary supervision of financial entities belonging to financial groups of heterogeneous activities, measures for the implementation of the Regulation (EU) ) 648/2012 / EU on OTC derivatives, CCPs and transaction logs and other provisions (4209/2013), last amended by Law 4706/2020, Articles 4 and 8
Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010
[<a href="http://www.et.gr/idocs-nph/search/pdfViewerForm.html?args=5C7QrtC22wEbA_BZxkczbHdtvSoClrL8cSHdHNezY5d5MXD0LzQTLWPU9yLzB8V68knBzLCmTXKaO6fpVZ6Lx9hLslJUqeiQ2phY1PrQPAe-PvGv3UTfUgwuL4t9674YW7UzMYkGhFE.">Law (official)</a>],[<a href="https://www.kodiko.gr/nomothesia/document/69448">Law (unofficial)</a>],[<a href="https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX%3A32009L0065">Directive</a>],[<a href="http://www.et.gr/idocs-nph/search/pdfViewerForm.html?args=5C7QrtC22wEaosRGzKxO6XdtvSoClrL8r8vpvR2eNoN5MXD0LzQTLWPU9yLzB8V68knBzLCmTXKaO6fpVZ6Lx9hLslJUqeiQ767PP0xYkceG5WY7iuSVlMBqGKy3bhHx0VdCPITlSZg.">Law (official)</a>],[<a href="https://www.kodiko.gr/nomothesia/document/77798">Law (unofficial)</a>],[<a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02011L0061-20190113">Directive 2011/61/EU</a>]