Regulatory Alerts2003-12-09
Decree of the Ministry of Finance of the Slovak Republic of 9 December 2003 No. 617/2003 on own funds of a management company and their calculation
The Ministry of Finance of the Slovak Republic issued this decree to define the structure and calculation methodology for the own funds of management companies. It categorizes capital into original and additional own funds, specifying eligible items such as paid-up share capital, reserves, and subordinated debts while detailing necessary deductions for intangible assets and equity participations. The regulation further establishes supplementary own funds for covering market risks and mandates that all included items must be freely available to cover business risks after deducting tax obligations.
Share