(a) A master UCITS authorised by the Bank shall provide the feeder UCITS with all the documents and information necessary for the feeder UCITS to meet the requirements laid down in these Regulations or, in the case of feeder UCITS established in a Member State other than the State, laid down in the Directive. For this purpose, both feeder UCITS and the master UCITS shall enter into an agreement.
(b) A feeder UCITS authorised by the Bank shall not invest in excess of the limit applicable under Regulation 73(1) in units of the master UCITS until the agreement referred to in the subparagraph (a) has become effective. That agreement shall be made available, on request and free of charge, to all unit-holders.
(c) In the event that both master UCITS and feeder UCITS are managed by the same management company, the agreement may be replaced by internal conduct of business rules ensuring compliance with the requirements set out in this paragraph.
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