The Amendments To The "investment Fund Reporting Rules"

Original Language Title: Grozījumi "Ieguldījumu fondu pārskatu sagatavošanas noteikumos"

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Read the untranslated law here: https://www.vestnesis.lv/ta/id/170192

Financial and capital market Commission Regulation No 17 2008 in Riga on January 25th (Mon. 5. p. 2)
The amendments to the "investment fund reporting rules" Issued in accordance with the investment management company law the second part of article 72 and 75 of the third paragraph of article do the financial and capital market Commission Regulation No 207 08.12.2006. "investment fund reporting rules" (hereinafter-the rules) the following amendments: 1. Express 16.1 16.2 points and the following wording: "16.1. derivative financial instruments the market value of the underlying, or core value of notional fixed pursuant to Commission the Council approved the rules of 02.05.2007. Nr. 60 "minimum capital requirements" annex 1. the requirements of paragraphs 34, total;
16.2. the option's Delta equivalent amount, that is, each option's market price of the underlying, multiplied by the Delta, where the options are traded on a regulated market or the Commission's investment management company has given permission to option pricing models for use in the Commission of the Council approved the rules of 02.05.2007. Nr. 60 "minimum capital requirements rules ' requirements of paragraph 361."
2. Make 19 and 20 in the following: "19. Equity and debt derivative financial instruments the Group at the base of the issuer's assets, giving each a derivative financial instrument type (possible types of derivatives in view of the Commission, the Council approved the rules of 02.05.2007. Nr. 60" minimum capital requirements rules ' 92), while the derivative financial instruments where the issuer is not the base assets (foreign exchange, derivatives, etc.) After the deal, giving each partner the derived financial instruments.
20. Profit for the financial derivatives market in the underlying value of the opposing positions may be mutually set off according to the Commission, the Council approved the rules of 02.05.2007. Nr. 60 "minimum capital requirements rules ' requirements of paragraph 185, if transactions are concluded with counterparties. The result reflects the revised 2. box. "
3. Replace paragraph 21, the words "credit default swaps" with the words "credit risk associated with debt securities".
4. Express 22 the following: "22. By way of derogation from this provision, 16-21. the requirements referred to in paragraph 1, for the determination of the overall risk (1000. positions in box 2), the Commission authorized investment management company may use internal risk models to value according to the Commission, the Council approved the rules of 02.05.2007. Nr. 60" minimum capital requirements rules ' requirements of paragraph 272, in so far as they are attributable to the operations of the Fund. "
5. Express 24 as follows: "24. Counterparty risk margin is calculated using the market value method in accordance with the Commission's Council approved the rules of 02.05.2007. Nr. 60" minimum capital requirements rules "of annex 1 part 4 requirements."
6. Supplement with 24.1 points as follows: "review of all transactions included 24.1 with financial derivatives, given that: 1. the column" 24.11. Book value "include only positive financial derivatives accounting value amount;
24.12.2. underlying value in the column "conditional/base market value of assets" include all relevant financial derivatives (also with a negative book value) conventional or fundamental values underlying asset market value. "
7. Supplement 28.1. point after the words "issued by the issuer" by the word "transferable".
8. Make 30 points by the following: "30. Derived financial instrument or notional underlying fundamental values can be excluded in the calculation of investment limits in cases where the derivative financial instrument is the underlying securities index, consisting of the relevant investment law and the structure of the object corresponds to a level of diversification of investment management company established in article 66 of the Act 1.1 and 1.2 part."
Financial and capital market Commission President When the U.