Regulatory Alerts2008-02-29
FMA Minimum Standards for Informing Qualified Beneficiaries of Corporate Provision Funds
The Austrian Financial Market Authority (FMA) issued these minimum standards to mandate comprehensive annual and event-based information disclosure by corporate provision funds to qualified beneficiaries. The guidelines require funds to provide detailed account statements covering contributions, investment results, expenses, and risk profiles, while also specifying information protocols for termination of employment or suspension of trade. These standards aim to enhance transparency and comparability for employees and self-employed persons under the Federal Act on Corporate Staff and Self-Employment Provision.
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