1. A UCITS may invest no more than 5% of its assets in transferable securities or money market instruments issued by the same body. A UCITS may not invest more than 20% of its assets in deposits made with the same body.
The risk exposure to a counterparty of the UCITS in an OTC derivative transaction may not exceed:
- 10% of its assets when the counterpart is a credit institution referred to in Article 19(1)(f), or
- 5% of its assets, in other cases.
2. Member States may raise the 5% limit laid down in the first sentence of paragraph 1 to a maximum of 10%. However, the total value of the transferable securities and the money market instruments held by the UCITS in the issuing bodies in each of which it invests more than 5% of its assets must not then exceed 40% of the value of its assets. This limitation does not apply to deposits and OTC derivative transactions made with financial institutions subject to prudential supervision.
Notwithstanding the individual limits laid down in p