(1) The management company or the investment company or the depositary shall issue registered certificates or bearer securities representing one or more portions of the UCITS which it manages, or alternatively, in accordance with the provisions of the trust deed, deed of constitution or articles, shall issue written confirmations of entry in the register of units or fractions of units without limitation as to the splitting up of units.
(2) Rights attaching to fractions of units are exercised in proportion to the fraction of a unit held except for possible voting rights which can only be exercised by whole units.
(3) The certificates and bearer securities shall be signed by the management company or the investment company and by the depositary.
(4) Such signatures may be reproduced mechanically.