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 paragraph 12(1) 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.