Further, where the law of a third country requires that certain financial instruments be held in custody by a local entity and there are no local entities that satisfy all depositary delegation requirements, the depositary should be able to discharge itself of liability provided that: the rules or instruments of incorporation of the AIF concerned expressly allow for such a discharge; the investors have been duly informed of that discharge and the circumstances justifying the discharge prior to their investment; the AIF or the AIFM on behalf of the AIF instructed the depositary to delegate the custody of such financial instruments to a ...[+++]local entity; there is a written contract between the depositary and the AIF or the AIFM acting on behalf of the AIF, which expressly allows such a discharge; and there is a written contract between the depositary and the third party which expressly transfers the liability of the depositary to that third party and makes it possible for the AIF, or the AIFM acting on behalf of the AIF, to make a claim against the third party in respect of the loss of financial instruments or for the depositary to make such a claim on their behalf.

Landfills (excluding landfills of inert waste and landfills, which were definitely closed before 16.7.2001 or for which the after-care phase required by the competent authorities according to Article 13 of Council Directive 1999/31/EC of 26 April 1999 on the landfill of waste has expired)

classification of landfills into 3 classes: landfills for hazardous waste, landfills for non-hazardous waste, landfills for inert waste; at each landfill only waste fulfilling the respective acceptance criteria can be accepted.

For example, for the purposes of the landfill directive, any landfill in operation or for which a permit has been granted before 16 July 2001 is considered an "existing" landfill, while any landfill authorised after this date is considered a new landfill.

Landfill sites are divided into three categories: landfills for hazardous waste, landfills for non-hazardous waste and landfills for inert waste (waste which will not decompose or burn, such as gravel, sand and stone).

Among the economic instruments applicable to landfill of waste, the proposal for a directive primarily envisages that the prices charged should cover all the costs generated by landfill; it also provides for a financial guarantee to cover the estimated costs of closure and aftercare operations, and the setting up of a Landfill Aftercare Fund in each Member State to cover the normal aftercare costs of closed landfills and any expenses arising from operations to prevent or clean up pollution in the event that they cannot be recouped or ...[+++] are not covered by any other financial guarantee.