An investment fund is a company for collective investment:
- investing in financial and non-financial assets, insofar as it pursues investment of capital attracted from the public (i.e. retail/private, professional and institutional investors) for one or more participants;
- issuing rights of participations;
- established pursuant to Community law or national law in accordance with:
I) contract law (as common funds managed by investment management companies);
II) company law (as an investment company);
III) another, similar mechanism.
For a further explanation of the notion of investment fund you are referred to the Financial Supervision Act [Wet op het financiële toezicht (Wft)], with the provision that the applicable exemption criteria of this Act with respect to the minimum participation amount and the number of participants do not apply for this report. As a consequence, the investment funds exempted under the Wft have to comply with the DNB reporting obligation for investment funds.