Regulatory Alerts2008-02-29
Added · Updated
FMA Minimum Standards for Informing Qualified Beneficiaries of Corporate Provision Funds
The Austrian Financial Market Authority (FMA) issued these minimum standards to regulate how corporate provision funds must inform qualified beneficiaries under the Federal Act on Corporate Staff and Self-Employment Provision. The document mandates specific annual account statements and detailed notifications upon termination of employment or suspension of trade, covering contributions, investment results, expenses, and disposal options. These guidelines aim to enhance transparency and comparability by requiring clear disclosure of risks, performance data, and legal entitlements to ensure beneficiaries can effectively monitor their provision plans.
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