(1) The investment of a feeder UCITS authorised by the Bank into a given master UCITS which exceeds the limit applicable under Regulation 73(1) for investments into other UCITS shall be subject to prior approval by the Bank.
(2) The feeder UCITS shall be informed within 15 working days following the submission of a complete file of the documents referred to in paragraph (3), whether or not the Bank has approved the feeder UCITS investment into the master UCITS.
(a) The Bank shall grant approval if the feeder UCITS, its depositary and its auditor, as well as the master UCITS, comply with all the requirements set out in this Part. For such purposes, the feeder UCITS shall provide the Bank with the following documents:
(i) where the master UCITS is not authorised by the Bank -
(I) the fund rules of the master UCITS, and
(II) the prospectus and key investor information of the master UCITS;
(ii) the agreement between the feeder UCITS and the master UCITS or the internal conduct of busin
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