Regulatory Alerts2015-06-19
FMA Circular on Limit Monitoring of Investment Funds under InvFG 2011
The Austrian Financial Market Authority issued this circular to mandate harmonized limit monitoring practices for management companies of investment funds under the Investment Fund Act 2011. It establishes that the booking date serves as the definitive basis for calculating limits and recording changes in net asset value for both unit certificate and fund transactions. Management companies are required to implement these supervisory standards by September 30, 2015, to ensure orderly execution and precise accounting of subscription and redemption orders.
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