S.L. 403.8 ст. 10regulated market, issue or issuer of investors and or central (b) (c) or rules as (d) and with to 11. Cash. 12. Financial instruments, Part of the (OTC) (a) the (b) the (c) the daily 13. Units, by the descriptions not being and which under (a) (b) and falling within public and which and the of the v

Money market instruments other than those dealt in on a which fall under Article 2(1)(o) of Directive 2009/65/EC, if the such instruments is itself regulated for the purpose of protecting savings, provided that they are:

(a) issued or guaranteed by a central, regional or local authority issued by an undertaking any securities of which are dealt in on regulated markets referred to in paragraphs 1 to 3 of this Part of the Schedule; issued or guaranteed by an establishment subject to prudential supervision, in accordance with criteria defined by European Union law, by an establishment which is subject to and complies with prudential considered by the Malta Financial Services Authority to be at least stringent as those laid down by European Union law; or issued by other bodies belonging to the categories approved by the Malta Financial Services Authority provided that investments in such instruments are subject to investor protection equivalent to that laid down in sub-paragraphs (a), (b) or (c) and provided that the issuer is a company whose capital and reserves amount to at least EUR 10,000,000 which presents and publishes its annual accounts in accordance Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013, is an entity which, within a group of companies which includes one or several listed companies, is dedicated the financing of the group or is an entity which is dedicated to the financing of securitisation vehicles which benefit from a banking liquidity line.

derivative instruments, including equivalent cash-settled dealt in on a regulated market referred to in paragraphs 1 to 3 of this Schedule or financial derivative instruments dealt in over-the-counter derivatives, provided that:

underlying of the derivative consists of instruments covered by this paragraph, financial indices, interest rates, foreign exchange rates or currencies; counterparties to OTC derivative transactions are institutions subject to prudential supervision, and belonging to the categories approved by the Malta Financial Services Authority; and OTC derivatives are subject to reliable and verifiable valuation on a basis and can be sold, liquidated or closed by an offsetting transaction at any time at their fair value at the UCITS’ initiative. whatever name called, in a real or notional fund which is limited to of property mentioned in the foregoing paragraphs of this Schedule, property falling within paragraphs 17(a) to (e) of Part III of the Schedule, the contract is to be managed either: wholly by the insurer; or wholly or to any extent by another person being a person for whose acts omissions in managing the scheme the insurer assumes responsibility towards the policyholder as if they were the acts or omissions of the insurer, and otherwise (if at all) by the insurer.

(a) calculated independently;

(b) published at least once a week;

(c) based on constituents, each of which is property paragraphs 1 to 11 of Part I of the Schedule; and

(d) calculated on a basis which is made available to the includes both the rules for including and excluding constituents rules for valuation which must use an arithmetic average the constituents.