(1) A responsible person shall ensure that the investment policy of a UCITS, as it is disclosed in the prospectus in accordance with the UCITS Regulations, shall set out -
(a) the types of asset in which the UCITS proposes to invest,
(b) the basis upon which the UCITS will select its investments,
(c) the place or places in which a UCITS will invest, indicating the countries or regions in which such investments will be made, and
(d) whether it is intended to seek exposure to a country or region through investment in companies or instruments that are listed or traded on a stock exchange or market that is located in another jurisdiction.
(2) A responsible person that proposes, on behalf of a UCITS, to take short positions shall, in the prospectus of the UCITS, disclose -
(a) in relation to each of the categories of assets in which it may invest, whether the UCITS will take long positions or short positions or both, and
(b) either -
(i) the percentage, relative to the net asset value, of t
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