Regulatory Alerts2011-07-26
Decree of Národná banka Slovenska No 5/2011 on Information for Unit-Holders in Fund Mergers
Národná banka Slovenska issued Decree No 5/2011 to stipulate specific details concerning information that must be provided to unit-holders during the merger of common funds. The regulation mandates comprehensive disclosures regarding differences in unit-holder rights, fee comparisons, risk indicators, cost allocations, and procedures for shareholder approval and cash payments. This decree transposes provisions of Commission Directive 2010/44/EU and entered into force on 15 August 2011.
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