264. Regulation of the financial market authority (FMA) on the accounting presentation, accounting and determination of value of each sub-fund at umbrella structures (part of the Fund regulation - TFV)
On the basis of § 47 para 3 of the investment funds act 2011 - InvFG 2011, Federal Law Gazette I no. 77, is prescribed:
§ 1. The accounts of an umbrella construction (§ 47 para 1 InvFG 2011) must be such that after her every business transaction, which involves a single sub-fund in its creation and by type and time follow execution and the attribution of this transaction to the relevant sub-fund is evident.
2. (1) the provisions of § 49 2011 are InvFG to note that single report is to reimburse all Fund of part of accountability and half-year reports of umbrella constructions with the proviso. The information pursuant to § 49 para 2 InvFG 2011 is for the accountability report and the information according to § 49 para 3 InvFG 2011 are decisive for the half-year report.
(2) in the case of an umbrella construction, a single auditor of the Auditor in accordance with article 49, paragraph 5 is for the annual reports of the Sub-fund 2011 carry InvFG.
Determination of value
Article 57, paragraph 1 § 3 (1) applies for the determination of the value of the individual sub-funds and 2 InvFG 2011.
(2) the disclosure requirements with respect to the issue and redemption price of shares pursuant to § 57 para 3 InvFG 2011 apply each individual sub-fund.
Entry into force
§ 4. This Regulation shall enter into force September 1, 2011.