02-12-2011 In reporting year 2012, the threshold amount determining collective investment schemes’ reporting profiles is to be changed

 

In reporting year 2012, the threshold amount determining collective investment schemes’ reporting profiles is to be changed. From that date, the threshold will be increased from EUR 50 million to EUR 75 million. Entities with balance sheet totals below EUR 75 million will henceforth fall under the BIB profile, whereas funds whose balance sheets are equal to or greater than EUR 75 million have to report according to the BIV or BIC profiles.

The threshold is reviewed annually because pursuant to EU law, the European Central Bank requires that BIV and BIC reports cover at least 95% of the entire population’s balance sheet total.