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Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) · European Union

Moreover, an investment company or unit trust may acquire no more than: -10 % of the non-voting shares of any single issuing body; -10 % of the debt securities of any single issuing body; -10 % of the units of any single collective investment undertaking within the meaning of the first and second indents of Article 1 (2). The limits laid down in the second and third indents may be disregarded at the time of acquisition if at that time the gross amount of the debt securities or the net amount of the securities in issue cannot be calculated.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-27 · Text as adopted (Official Journal); later amendments are not incorporated in this text.