(1) Without prejudice to Regulations 68 and 69, neither -
(a) an investment company, nor
(b) a management company or depositary acting on behalf of a unit trust or a management company of a common contractual fund,
may grant loans or act as a guarantor on behalf of third parties.
(2) Paragraph (1) shall not prevent such undertakings from acquiring transferable securities, money market instruments or other financial instruments referred to in Regulation 68(1) (e), (g) and (h) which are not fully paid.