Article 41

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

1. Without prejudice to the application of Articles 19 and 21, neither: -an investment company, nor -a management company or depositary acting on behalf of a unit trust may grant loans or act as a guarantor on behalf of third parties. 2. Paragraph 1 shall not prevent such undertakings from acquiring transferable securities which are not fully paid.

← art_40__para · All articles · 1. →

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