# Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (recast) (Text with EEA relevance), Article 89

Extent: E+W+S+N.I.

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.

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Source: https://www.legislation.gov.uk/eudr/2009/65/article/89 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-65/article-89
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.