Assets in third countries; currency risk

(1) Assets located in States that are not parties to the Agreement on the European Economic Area may be acquired for a real estate collective investment fund only where
1. the investment conditions provide for this;
2. an appropriate regional diversification of the assets is ensured;
3. these States, and the respective proportion of the collective investment fund that may at most be invested in these States, are stated in the investment conditions;
4. in these States, the free transferability of the assets is ensured and the movement of capital is not restricted;
5. the exercise of the rights and duties of the depositary is ensured.
(2) The AIF capital management company must ensure that the assets held for the account of a real estate collective investment fund are subject to currency risk only to the extent that the value of the assets subject to such risk does not exceed 30 percent of the value of the collective investment fund.