System Information Disclosure
Despite a carefully designed accountability mechanisms zaschityvkladchikov and investment companies for violations, and investoramrekomenduetsya very vigilant and not to contact somnitelnymifondami. To this end, developed a system of information disclosure, kasayuscheysyadeyatelnosti investment company. As mentioned above, the disposal of the buyer payapredostavlyaetsya Prospect investment company. By Prospect prilagayutsyausloviya contract, the last published annual report and polugodovoyotchet if it is published. In addition, the customer is handed a copy of zayavkina the conclusion of the contract, which specifies the size of a one-sborai annual cost us. In the prospectus contains all the data, which at the time of the conclusion of the contract are essential to assess the share. Prospektnapravlyaetsya also the Federal Office for Supervision of credit institutions. KAGG also provides that the shareholder must poluchitischerpyvayuschuyu information, especially on the investment policy, kotorayav funds can be very different. In any case, the field for investitsionnoydeyatelnosti very broad. The market shares of the policy may vary otkonservativnoy to very speculative. It is anticipated that shareholder obyazantschatelno read the documents and not rely on oral promises. Twice a year, an investor can look behind the scenes svoegofonda, ogznakomivshis with annual and semi-annual reports the company. The investment company is required after hozyaystvennogogoda to create an account for each fund and not later than three months after okonchaniyahozyaystvennogo years to present it in a "Bundesantsayger. The report sleduetoharakterizovat activities of investment companies over the past hozyaystvennyygod and provide all the essential data that would allow shareholders vynestisuzhdenie of the activities and results of the Fund. In particular, the report shall contain the following data:
* Related to the special assets, securities, loans poddolgovye obligations, bank deposits and other assets, and liabilities, in relation to the assets should show their species, face value and number, and takzhekurs and market value, securities should be submitted by the relevant criteria to Given the investment policy (for example, on the economic designation, geographically and in the rate) - in the percentage of the value of specific assets, proportion of stoimostiaktivov is given for each position; * Number of units that were in circulation on the day sostavleniyaaktiva, and the value of each share.
Consequently, in the published annual report for the first razdeleprivoditsya clear and detailed structure of assets. Publication godovogootcheta only "Bundesantsaygere" in terms of information it would be insufficient, because individuals do not read it practically. In practice, each investorpoluchaet record in the mail. In addition, prospective investors should poluchitgodovoy report, together with the prospect company. The report shows all the movement of proceeds of aktivovfonda, including charges, the depositary bank and investment kompanii.Oni reflected in the relevant articles of the costs associated with komissionnymibanka or a special asset. Above, however, open reporting is not required ogranichivaetsya.KAGG also comparing the analysis for the last 3 financial year, which should show the value of specific assets and a stake at the end of each year. " From these data also show how changing the Fund's assets and the value of one share. In addition to this investment company is required in mid-financial year to submit semi-annual report, which must also be given to potential investors before the conclusion of the contract. Mid-or interim report, as a rule, fund investors are not distributed. These rules set forth in part in relation to securities funds are also taking into account their specificity, to real estate funds and funds participation in the capital, ie to all categories of funds provided by German law.
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