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AI Summary of Article 89

Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2011 - onwards
Version 3 of 3

Article 89

The following shall not carry out uncovered sales of transferable securities, money market instruments or other financial instruments referred to in points (e), (g) and (h) of Article 50(1):

(a) an investment company;

(b) a management company or depositary acting on behalf of a common fund.