Regulatory Alerts2013-11-15
Added · Updated
Requirements for investment funds and investment fund managers
Undertakings for collective investment in transferable securities (UCITS), alternative investment funds (AIF), and their management companies must meet specific prudential requirements under the Financial Supervision Act (Wft). These requirements include maintaining minimum regulatory own funds, ensuring adequate liquidity management, fulfilling reporting obligations, and adhering to systemic risk and leverage supervision standards. Additionally, entities must secure professional indemnity insurance, appoint an AIF depositary, and comply with third-country policy rules. A preliminary behavioral test and a prudential solvency assessment verify compliance during authorization and business operations.
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Undertakings for collective investment in transferable securities (UCITS), alternative investment funds (AIF) and their management companies (Managers) must meet various requirements set down in or pursuant to the Financial Supervision Act (Wft), both at the time of applying for authorisation and in the pursuit of their business.
Published: 15 November 2013
A preliminary test verifies compliance with specific behavioural requirements, while a prudential test assesses the presence of adequate regulatory own funds and sufficient overall solvency. For the behavioural requirements, please refer to the website of the Authority for the Financial Markets (AFM).
Under or pursuant to the Wft , UCITS and AIFs and/or their respective managers and associated depositaries must meet prudential requirements with respect to:
minimum regulatory own funds ;
liquidity management;
reporting requirements
systemic risk and leverage supervision;
professional indemnity insurance ;
the AIF depositary ;
third-country policy.
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