Aggregated News From Investment Management Regulators

FMA publishes list of investment funds and real estate investment funds eligible for investing money held in trust

Report/Flag

Please complete the required fields.



The Austrian Financial Market Authority (FMA) publishes a list of investment funds and real estate funds eligible for the investment of money held in trust on its website, and these lists will be updated constantly. The General Civil Code (ABGB; Allgemeines Bürgerliches Gesetzbuch) considers investment forms with a particularly low default risk, such as savings deposits, credit balances held at banks, Austrian government bonds or debt securities that are guaranteed by the state, as well as properties in Austria. The competent guardianship court may also recognise other forms of investment as being eligible for the purpose of investing money that is held in trust. The Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011) and the Real Estate Investment Fund Act (ImmoInvFG; Immobilien-Investmentfondsgesetz) according contain special rules for funds that are suitable for investing trust money in, with these rules being based on the rules contained in the ABGB. Investments that are eligible for the investment of money held in trust are generally also used by investors who are risk-averse. Eligibility for the investment of money held in trust does not mean that the investment is completely free of risk, and that the possibility of market-related fluctuations are excluded.

In the case of funds that are eligible for the investment of money held in trust, the investment fund management companies or real estate investment fund management companies are required to include in the fund rules, which are to be approved by the FMA, in which investment instruments they exclusively invest for the purpose of investing money held in trust. Currently 18 investment funds and two real estate investment funds fulfil the legal criteria. An external auditor must audit whether these fund rules are observed as part of the annual statement of accounts and report any anomalies or breaches to the FMA.

The list of investment funds eligible for the investment of money held in trust as well as real estate funds eligible for the investment of money held in trust can be found on the FMA website.

Journalists may address further enquiries to:

Klaus Grubelnik (FMA Media Spokesperson)

+43 / (0)1 / 24959-6006 or +43 / (0)676 / 88249516

Source link

Regulator Information

Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria

Recent Articles

SEC Charges Eagle Bancorp and Former CEO with Failing to Disclose Related Party Loans

Washington D.C., Aug. 16, 2022 — The Securities and Exchange Commission today charged Eagle Bancorp, Inc.

Warning regarding unregulated entities

See a PDF of the Warning published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

Announcement for a Case of Carrying out Securities Business without Authorisation

In line with the Capital Market Authority's (CMA) responsibilities to protect citizens and investors from unfair and unsound practices, and aiming to achieve fairness,...

OCC Hosts Risk Governance and Compliance Risk Workshops in Minneapolis

  • +1Bank Management, Banker Education, Board of Directors & Management, Community Banks
News Release 2022-99 | August 15, 2022 Share This Pag

Get the latest from Regulatory.News in your inbox!

×