Regulatory Alerts2015-06-19
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FMA Circular on Limit Monitoring of Investment Funds under InvFG 2011
The Austrian Financial Market Authority issued Circular 01/2015 to mandate that management companies apply the booking date for limit monitoring of investment funds under the Investment Fund Act 2011. This requirement ensures harmonized supervisory treatment by specifying that the calculation base for limit monitoring increases or decreases on the booking date for unit certificate and fund transactions. Management companies are expected to observe these procedures to guarantee orderly investment execution and precise net asset value calculations.
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