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Measures for safeguarding transparent fund accounting are implemented on three levels: a) The assets in a collective capital investment scheme are managed separately (insolvency privilege) in order to protect the shareholders; b) The fund management’s own capital must be invested separately by the custodian bank / shareholder (CISA 32). The regulations governing accounting obligations (CISA 87 and Law of Obligations 662ff), the annual report (CISA 89) and auditing (CISA 126ff) ensure that the fund assets are largely transparent for the shareholder.

Term-Nr.: 858

German: Transparente Fondsbuchhaltung (796)

Source: SFO D15 2010 m. e. E., 24.04.2010

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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