1. An investment company or a management company acting in connection with all of the unit trusts which it manages and which fall within the scope of this Directive may not acquire any shares carrying voting rights which would enable it to exercise significant influence over the management of an issuing body.
Pending further coordination, the Member States shall take account of existing rules defining the principle stated in the first subparagraph under other Member States' legislation.
2. Moreover, an investment company or unit trust may acquire no more than:
- 10 % of the non-voting shares of any single issuing body;
- 10 % of the debt securities of any single issuing body;
- 25% of the units of any single UCITS and/or other collective investment undertaking within the meaning of the first and second indent of Article 1(2),
- 10% of the money market instruments of any single issuing body,
The limits laid down in the second, third and fourth indents may be disregarded at the time