Regulatory Alerts2011-07-26
Decree of the National Bank of Slovakia No 8/2011 on Master and Feeder Fund Agreements and Management Company Conduct Rules
The National Bank of Slovakia issued Decree No 8/2011 to mandate specific content requirements for agreements between management companies of master and feeder funds, alongside their internal conduct of business rules. The regulation stipulates mandatory provisions governing information sharing, investment bases, standard dealing arrangements, audit coordination, and notification procedures for structural changes or suspensions. It further requires standardized information-sharing agreements between respective depositaries and auditors, transposes relevant EU directives, and extends these obligations to foreign and self-managed European funds effective 15 August 2011.
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