Regulatory Alerts2019-09-10
Small Mutual Associations Investment Regulation (kV-KAV)
The Austrian Financial Market Authority issued this regulation to establish investment rules for small mutual associations under the Insurance Supervision Act 2016. It mandates that investments prioritize security, profitability, and liquidity while strictly defining eligible assets such as OECD-based securities, real estate, and specific funds. The text further imposes detailed individual and total investment thresholds to limit concentration risk, with specific derogations for animal insurance entities and associations with substantial own funds.
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