Art. 81

(Art. 57 CISA)

1. Investments, deposits and claims in accordance with Articles 78–80 from the same issuer may not exceed 20 per cent of the fund's overall assets.
2. Investments and money market instruments in accordance with Article 78 from the same group of companies may not exceed 20 per cent of the fund's overall assets.
3. The limits defined in Articles 78–80 and 83 paragraph 1 may not be accumulated.
4. In the case of umbrella funds, these limits apply to each individual subfund.
5. Companies which form a group in accordance with international accounting regulations are deemed to be a single issuer.