Key Benefits:
432. Regulation of the Financial Markets Authority (FMA), which provides for the Regulation on the management of lists of assets used to cover technical provisions by undertakings of the contract insurance scheme (VerzVVU 2002) is amended
Due to § 79b (1) of the Insurance Supervisory Act-VAG, BGBl. No 569/1978, as last amended by the Federal Law BGBl. I No 70/2004, shall be ordered:
The Regulation on the management of lists of assets used to cover technical provisions by enterprises of contract insurance (VerzvVU 2002), BGBl. II No 505, as last amended by the BGBl Regulation. II No 566/2003, shall be amended as follows:
1. The heading of Annex D is:
" Shares in undertakings for collective investment in transferable securities and other Community investments pursuant to § 2 (1) Z 3 lit. a to c and subsection 5 Z 1 of the capital investment regulation 2002 and in accordance with § 78 (2) and (4) of the VAG: "
2. The Z 8 of Appendix D is:
| " 8. |
Investment group according to § 2 para. 1 Z 3 lit. a to c and paragraph 5 Z 1 of the capital investment regulation 2002 broken down by fund type |
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| a) |
Equity funds according to § 2 para. 1 Z 3 lit. a and b of the capital investment regulation 2002 |
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| b) |
Pension fund according to § 2 para. 1 Z 3 lit. a and b of the capital investment regulation 2002 |
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| c) |
Mixed fund according to § 2 para. 1 Z 3 lit. a and b of the capital investment regulation 2002 |
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| d) |
Real estate investment funds and real estate investment fund according to § 2 para. 1 Z 3 lit. c of the Capital Investment Regulation 2002 " |
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3. The Z 22 and 23 of Appendix D are:
| " 22. |
Height of the book-or Balance sheet value of the mixed capital investment funds |
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| - |
Debt securities according to § 2 para. 1 Z 1 lit. a to c and Z 2 lit. b and d of the capital investment regulation 2002 |
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| - |
shares in capital investment funds that contain such bonds and |
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| - |
liquid funds |
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| in euros ("pension percentage") -excluding the assets of the Departments pursuant to Section 20 (2) (2), (3) and (3a) of |
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| 23. |
Height of the book-or Balance sheet value of the shares of capital investment funds contained in mixed capital investment funds in accordance with Section 20a (1) (3) of the Investment Fund Act-InvFG ("Alternative Investments Sub-Fund") in euro-excluding the assets of the Departments pursuant to Section 20 (2) Z 2, 3 and 3a VAG " |
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4. The following Z 27 to 29 shall be added to Annex D:
| " 27. |
Height of the book-or Balance sheet value of the shares of capital investment funds contained in mixed capital investment funds according to § 20a (1) Z 4 InvFG ("Subfondsanteil Immobilien-Investment fonds") in euro-excluding assets of the departments according to § 20 (2) (2), (3) and (3a) of the VAG |
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| 28. |
Height of the book-or Balance sheet value of the mixed capital investment funds less values of Z 22, 23 and 27 ("share risk share") in euro-excluding assets of the departments according to § 20 (2) (2), (3) and (3a) of the VAG |
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| 29. |
Amount of the total risk associated with derivatives as a percentage of the fund's assets in accordance with § 2 para. 1 Z 3 lit. a of the capital investment regulation 2002 at the respective balance sheet date-excluding the assets of the departments according to § 20 paragraph 2 Z 2, 3 and 3a VAG " |
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5. The Z 17 of Appendix E is:
| " 17. |
Interest calculated in advance in accordance with § 2 (3) of the 2002 Capital Investment Regulation in Euro " |
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6. The following Z 21 shall be added to Annex E:
| " 21. |
Time value according to § 81h para. 4 VAG at the end of the financial year " |
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7. The Z 20 of the Annex F reads:
| " 20. |
Interest calculated in advance in accordance with § 2 (3) of the 2002 Capital Investment Regulation in Euro " |
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8. The following Z 25 shall be added to Annex F:
| " 25. |
Time value according to § 81h para. 4 VAG at the end of the financial year " |
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9. The Z 15 of Appendix G is:
| " 15. |
Interest calculated in advance in accordance with § 2 (3) of the 2002 Capital Investment Regulation in Euro " |
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Pribil Traumüller
