Regulatory Alerts2019-09-10
Small Mutual Associations Investment Regulation (kV-KAV)
The Austrian Financial Market Authority issued this regulation to govern the investment activities of small mutual associations under the Insurance Supervision Act 2016. It mandates that investments prioritize security, profitability, and liquidity while strictly defining eligible assets such as OECD-based debt securities, listed shares, and real estate. The rule establishes specific individual and total investment thresholds to limit exposure to single issuers or asset classes, with adjusted limits for entities focused exclusively on animal insurance.
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