Regulatory Alerts2011-08-23
Decree of Národná banka Slovenska No 9/2011 on criteria for liquid financial assets and index-replicating funds
Národná banka Slovenska issued Decree No 9/2011 to define the specific criteria for liquid financial assets, including transferable securities and money market instruments, under the Act on collective investment. The regulation establishes detailed requirements for liquidity, valuation, risk management, and information transparency to ensure management companies can redeem unit certificates without undue delay. It further specifies definitions for embedded derivatives and index-replicating common funds to align with statutory obligations regarding investment policies and risk diversification.
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