(1) A master UCITS authorised by the Bank shall immediately inform the Bank of the identity of each feeder UCITS which invests in its units. Where the feeder UCITS is not authorised by the Bank, the Bank shall immediately inform the competent authority of the feeder UCITS home Member State of such investment.
(2) The master UCITS shall not charge subscription or redemption fees for the investment of the feeder UCITS into its units or the divestment thereof.
(3) The master UCITS shall ensure the timely availability of all information that is required in accordance with these Regulations, the Directive, other community law, Irish law, trust deed, deed of constitution or articles of the feeder UCITS and to the competent authority, the depositary and the auditor of the feeder UCITS.