(1) A management company shall decide and be responsible for adopting and implementing all the arrangements and organisational decisions which are necessary to ensure compliance with the rules which relate to the constitution and functioning of the UCITS and with the obligations set out in the fund rules or in the instruments of incorporation, and with the obligations set out in the prospectus.
(2) The Bank shall ensure that a management company authorised by it is not subject to any additional requirements established in the UCITS home Member State in respect of the subject matter of these Regulations and the Directive, except in the cases expressly referred to in these Regulations and the Directive.