{"id":23110507,"date":"2025-11-21T10:17:47","date_gmt":"2025-11-21T09:17:47","guid":{"rendered":"https:\/\/www.fma.gv.at\/?page_id=23110507"},"modified":"2026-02-02T10:26:46","modified_gmt":"2026-02-02T09:26:46","slug":"investment-rules","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/corporate-provision-companies\/stress-tests-corporate-provision-companies\/investment-rules\/","title":{"rendered":"Investment Rules"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><div class=\"wp-block-cover has-custom-content-position is-position-bottom-right\"><img loading=\"lazy\" decoding=\"async\" width=\"1700\" height=\"716\" class=\"wp-block-cover__image-background wp-image-11757925 size-full\" alt=\"\" src=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Versicherungen-Stresstests-Anlageverhalten-Cover.png\" style=\"object-position:84% 56%\" data-object-fit=\"cover\" data-object-position=\"84% 56%\" srcset=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Versicherungen-Stresstests-Anlageverhalten-Cover.png 1700w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Versicherungen-Stresstests-Anlageverhalten-Cover-320x135.png 320w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Versicherungen-Stresstests-Anlageverhalten-Cover-640x270.png 640w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Versicherungen-Stresstests-Anlageverhalten-Cover-1536x647.png 1536w\" sizes=\"auto, (max-width: 1700px) 100vw, 1700px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\" style=\"background-color:#5b545a\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<p class=\"has-text-align-right has-medium-font-size wp-block-paragraph\">Investment Rules in relation to Stress Tests &ndash; Corporate Provision Companies<\/p>\n<\/div><\/div><div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div><p class=\"wp-block-paragraph\">Investment terms exist for every investment group (IG) of corporate provision companies that define, inter alia, the legal relationship of the entitled beneficiaries to the corporate provision company and the custodian bank. The investment terms are required to be approved by the corporate provision company&rsquo;s supervisory board, the custodian bank and authorised by the Austrian Financial Market Authority (FMA). Minimum contents are defined in the Federal Act on Corporate Staff and Self-Employment Provision (BMSVG; <span lang=\"de\">Betriebliches Mitarbeiter- und Selbstst&auml;ndigenvorsorgegesetz<\/span>). The investment terms are required to remaining within the quantitative boundaries for investments defined by the BMSVG.<\/p><p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.ris.bka.gv.at\/GeltendeFassung.wxe?Abfrage=Bundesnormen&amp;Gesetzesnummer=20002088\" target=\"_blank\" rel=\"noopener\" class=\"external\">BMSVG<\/a> stipulates that the corporate provision company shall conduct its corporate provision company business in the interest of the entitled beneficiaries, paying particular attention to the security, profitability and liquid funds requirements, as well as ensuring an appropriate mix and diversification and to ecological, social and governance criteria, taking into account the risks associated with the investment.<\/p><p class=\"wp-block-paragraph\">Corporate provision companies have had a constant asset allocation in recent years.<\/p><p class=\"wp-block-paragraph\"><\/p><div class=\"wp-block-image\">\n<figure data-wp-context='{\"imageId\":\"6a3b754e061d2\"}' data-wp-interactive=\"core\/image\" data-wp-key=\"6a3b754e061d2\" class=\"aligncenter size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"945\" height=\"496\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/12\/image-2.png\" alt=\"\" class=\"wp-image-23498046\" srcset=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/12\/image-2.png 945w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/12\/image-2-320x168.png 320w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/12\/image-2-640x336.png 640w\" sizes=\"auto, (max-width: 945px) 100vw, 945px\" \/><button class=\"lightbox-trigger\" type=\"button\" aria-haspopup=\"dialog\" data-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\" data-wp-init=\"callbacks.initTriggerButton\" data-wp-on--click=\"actions.showLightbox\" data-wp-style--right=\"state.thisImage.buttonRight\" data-wp-style--top=\"state.thisImage.buttonTop\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewbox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\"><\/path>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Source: FMA analysis on asset allocation, data: 2017 &ndash; 2024<\/figcaption><\/figure>\n<\/div><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment terms exist for every investment group (IG) of corporate provision companies that define, inter alia, the legal relationship of &#8230;<\/p>\n","protected":false},"author":20,"featured_media":11757935,"parent":23107620,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"landing-page.php","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-23110507","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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