A responsible person shall ensure that, at all times:
(a) the UCITS complies with the limits on global exposure;
(b) the UCITS establishes and implements appropriate internal risk management measures and limits, irrespective of whether the UCITS uses a commitment approach or the VaR approach or any other methodology to calculate global exposure. For the purpose of subparagraph (1), paragraph 12 of Schedule 9 of the UCITS Regulations, a UCITS shall only select a methodology where ESMA has published guidelines on the selected methodology; and
(c) it calculates the global exposure in accordance with Schedule 2.