Regulatory Alerts2015-06-19
FMA Circular on Limit Monitoring of Investment Funds as Defined in Article 3 Para. 2 No. 19 InvFG 2011
The Austrian Financial Market Authority (FMA) issued this circular to standardize limit monitoring for investment fund management companies under the Investment Fund Act 2011. It mandates that the booking date serves as the qualifying date for calculating limit monitoring, ensuring orderly subscription and redemption processes align with net asset value adjustments. Management companies must implement these harmonized calculation methodologies for unit certificate and funds transactions by 30 September 2015.
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