(1) A UCITS may not acquire the units of other collective investment undertakings of the open-ended type unless they are collective investment undertakings within the meaning of Regulation 3 (2).
(2) A UCITS may invest no more than 5 per cent of its assets in the units of such collective investment undertakings.
(3) Investment in the units of a unit trust managed by the same management company or by any other company with which the management company is linked by common management or control, or by a substantial direct or indirect holding, shall be permitted only in the case of a unit trust which, in accordance with its trust deed, has specialized in investment in a specific geographical area or economic sector, and provided that such investment is authorized by the Bank.
(4) The Bank shall authorize such investment only if the unit trust has announced its intention of making use of that option and that option has been expressly stated in its trust deed.
(5) A management company m