(1) Article 7 of the Investment Services Directive shall apply to the regulation of management companies pursuant to these Regulations save that the expression 'firm/investment firm' and 'investment firms' contained in Article 7 shall be construed respectively as 'management company' and 'management companies'; the expression 'providing investment services' in Article 7(2) shall be construed as 'providing services'.
(2) The Bank shall inform the Commission of any general difficulties which UCITS encounter in marketing their units in any third country.