S.L. 403.8 ст. 8or other 1(2)(a) and (b) of or EEA State, under laws by the that laid down in authorities is investment in a UCITS, lending, money market 2009/65/EC; is reported to be made of the reporting other collective can, be other collective

Units of UCITS authorised according to Directive 2009/65/EC collective investment undertakings within the meaning of Article Directive 2009/65/EC, whether or not established in a Member State provided that:

(a) such other collective investment undertakings are authorised which provide that they are subject to supervision considered Malta Financial Services Authority to be equivalent to European Union law, and that cooperation between sufficiently ensured;

(b) the level of protection for unit-holders in the other collective undertakings is equivalent to that provided for unit-holders and in particular that the rules on asset segregation, borrowing, and uncovered sales of transferable securities and instruments are equivalent to the requirements of Directive

(c) the business of the other collective investment undertakings in half-yearly and annual reports to enable an assessment the assets and liabilities, income and operations over period; and

(d) no more than 10% of the assets of the UCITS or of the investment undertakings, whose acquisition is contemplated, according to their fund rules or instruments of incorporation, invested in aggregate in units of other UCITS or investment undertakings.