The Financial Market Authority (FMA) announces that, in accordance with Article 31 para. 2 no. 2 of the Investmentfondsgesetz (InvFG; Investment Fund Act), Federal Law Gazette no. 532/1993 as amended, the following foreign funds have been prohibited to further distribute units in investment funds in Austria as from 5 June 2009, since they fail to meet the requirement of Article 25 no. 1 InvFG (nomination of a representative):
- Primeo Fund
- Herald USA Segregated Portfolio One
Pursuant to Article 31 para. 2 InvFG, the FMA rules that with regard to Primeo Fund, the obligations connected with public distribution arising from this Federal Act will only end upon the winding-up proceedings having been concluded.
Pursuant to Article 31 para. 2 InvFG, the FMA rules that with regard to Herald USA Segregated Portfolio One, the obligations connected with public distribution arising from this Federal Act will either end upon any possible winding-up proceedings having been concluded or at the time of a notice on distribution pursuant to Article 30 InvFG having been properly given.
For further information please contact
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-5106