(a) Without prejudice to the limits specified in Regulations 74, the limit in Regulation 70(1) (a) is raised to 20% for investments in shares or debt securities or both issued by the same body when, according to the trust deed, deed of constitution or articles of incorporation, the aim of the UCITS investment policy is to replicate the composition of a certain stock or debt securities index which is recognised by the Bank, on the following basis:
(i) the index's composition is sufficiently diversified, which shall be understood as a reference to an index which complies with the risk diversification rules set out in this paragraph and paragraph (2);
(ii) the index represents an adequate benchmark for the market to which it refers, which shall be understood as a reference to an index whose provider uses a recognised methodology which generally does not result in the exclusion of a major issuer of the market to which it refers; and
(iii) the index is published in an appropriate manner
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