1. An MMF may acquire the units or shares of any other MMF ('targeted MMF') provided that all of the following conditions are fulfilled:

(a) no more than 10% of the assets of the targeted MMF are able, according to its fund rules or instruments of incorporation, to be invested in aggregate in units or shares of other MMFs;

(b) the targeted MMF does not hold units or shares in the acquiring MMF.

An MMF whose units or shares have been acquired shall not invest in the acquiring MMF during the period in which the acquiring MMF holds units or shares in it.

2. An MMF may acquire the units or shares of other MMFs, provided that no more than 5% of its assets are invested in units or shares of a single MMF.

3. An MMF may, in aggregate, invest no more than 17,5% of its assets in units or shares of other MMFs.

4. Units or shares of other MMFs shall be eligible for investment by an MMF provided that all of the following conditions are fulfilled:

(a) the targeted MMF is authorised under this Regulation;