25-11-2013 Change threshold amount investment funds reporting profiles in 2014
From January 1st 2014, the threshold amount determining the investment funds reporting profiles will be increased from EUR 100 million to EUR 125 million. This change will be effective from reporting year 2014.
Entities with balance sheet totals below EUR 125 million will henceforth fall under the BIB profile, whereas funds whose balance sheets are equal to or greater than EUR 125 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.
If you have any questions regarding this change please contact your account manager at DNB.