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, money market instruments or other financial instruments referred to in Article 19(1)(e), (g) and (h) which are not fully paid.