(1) An investment company or a management company acting in connection with all of the unit trusts or common contractual funds which it manages and which fall within the scope of these Regulations may not acquire any shares carrying voting rights which would enable it to exercise significant influence over the management of an issuing body.
(a) A UCITS may acquire not more than -
(i) 10%of the non-voting shares of any single issuing body,
(ii) 10%of the debt securities of any single issuing body,
(iii) 25%of the units of any single UCITS or other collective investment undertaking within the meaning of subparagraphs (a) and (b) of Regulation 4(3),
(iv) 10%of the money market instruments of any single issuing body.
(b) The limits specified in clause (ii), (iii) or (iv) of subparagraph (a) may be disregarded at the time of acquisition if at that time the gross amount of the debt securities or of the money market instruments, or the net amount of the securities in issue, cannot be calc
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