You are here: 

Fund rules

The fund rules must be listed by the management company under the Investment Funds Act of 2011 (InvFG 2011) and define the legal relationship of the unit holders to the management company and the custodian bank. Following approval by the supervisory board of the management company they must be submitted to the custodian bank for approval. The fund rules as well as any changes made to them require approval from the FMA (exception for special funds). This also applies to real estate funds under the Real Estate Investment Fund Act (ImmoInvFG) (exception for special real estate funds).

The fund rules must contain among other details information about the investment environment, the remuneration of the management company, conditions for issuance and redemption of investments, regulations about distributions etc.