From January 1st 2016, the threshold amount determining the investment funds reporting profiles will be increased from EUR 125 million to EUR 150 million. This change will be effective from reporting year 2016.
Entities with balance sheet totals below EUR 150 million will henceforth fall under the BIB profile, whereas funds whose balance sheets are equal to or greater than EUR 150 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.