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Why would it not be? Ask compliance if you want to be sure.
Leaving permissibility of this aside, you should concentrate on kicking ass on your main internship. It's my understanding, and correct me if I'm wrong because mine was 20 years ago and was at a boutique, that IB internships don't really allow you time to do much else. I wasn't working the 80+ hours per week I currently hear about but even the 65-70 hours and not in a predictable way wouldn't have allowed me to do much else. Or at least do the extra internship and the main one well.
Yeah so, I've been loving the mm ib, but the culture is pretty different. It is taking up about 60 hours of my time and I have the weekends free. Everyone leaves pretty early with the exception of some days. This other internship would only eat about 10-20 hours of my weekends max.
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