Regulatory Alerts2013-01-01
Decree No. 246/2013 Coll. on the statute of a collective investment fund
The Czech National Bank issued Decree No. 246/2013 Coll. to stipulate the mandatory content and structure of statutes for collective investment funds in accordance with EU regulations. The decree mandates that statutes must contain specific information regarding the fund, its manager, administrator, depositary, investment strategy, risk profile, and detailed fee structures. It further requires precise presentation of past performance data and principles for profit distribution to ensure investors can make informed assessments.
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