Regulatory Alerts2019-09-10
Added · Updated
Small Mutual Associations Investment Regulation (kV-KAV)
The Austrian Financial Market Authority issued this regulation to govern the investment activities of small mutual associations under the Insurance Supervision Act 2016. It mandates that associations maintain a diversified portfolio prioritizing security, profitability, and liquidity while strictly defining eligible assets such as OECD-based securities, real estate, and specific funds. The rule establishes detailed individual and total investment thresholds to limit exposure to single issuers or asset classes, with specific derogations for animal insurance entities and provisions for temporary threshold breaches due to market fluctuations.
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