Ordinance on Investment Undertakings (Investment Undertakings ...

1. accounting services required by law and for investment management;
2. client inquiries;
3. valuation and price determination (including tax returns);
4. monitoring of compliance with legal provisions;
5. maintaining the unit-holder register;
6. distribution of earnings;
7. issue and redemption of units;
8. contract settlement (including delivery of certificates);
9. maintaining records;
c) marketing.
Article 32
Qualifying holdings
1) The management company must notify the FMA of the following,
indicating the amount of the holding:
a) the acquisition or abandonment of a qualifying holding by a natural
or legal person in the voting capital of a management company;
b) a change to a qualifying holding of a natural or legal person, if the
holding reaches, exceeds, or falls below the threshold values of 22%,
33%, or 50% of the voting capital.
2) The FMA may prohibit the planned acquisition or increase of a
qualifying holding if the persons mentioned in paragraph 1 do not meet
the requirements necessary to fulfill the interest of ensuring solid and
prudent management of the company. If the planned acquisition and the
increase are approved, a deadline may be fixed by which the acquisition
must be completed.
3) The FMA shall consult the competent authorities of a another
Member State of the EEA before prohibiting the acquisition or increase
of a holding according to paragraph 2, if the acquirer:
a) is a management company licensed in another Member State of the
EEA;
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