Helsinki, 2016-09-30 08:30 CEST (GLOBE NEWSWIRE) -- The common rules of the funds managed by Seligson & Co Fund Management Company Plc will change on 1 November 2016. The Finnish Financial Supervisory Authority (FIN-FSA) has approved the new rules on 27 September 2016.
The following additions have been made to the common rules:
- information about the Fund Management Company’s remuneration policy (§21), as required by the Act on Common Funds
- the possibility for the Fund to take on loans for its mutual fund operations without the permission of Financial Supervisory Authority (§6.2)
Furthermore there have been other changes to the common rules of the funds managed by Seligson & Co Fund Management Company that do not apply to Seligson & Co OMX Helsinki 25 Exchange Traded Fund.
The fund specific rules of Seligson & Co OMX Helsinki 25 Exchange Traded Fund UCITS ETF remain unchanged.
The change does not require any action from the unit holders.
The new Fund rules are available on www.seligson.fi and can be requested from the company.
Further information:
Mari Rautanen
tel. +358 (0)9 6817 8224, email: mari.rautanen@seligson.fi
Seligson & Co Fund Management Company Plc
Ari Kaaro, Managing Director
tel. +358 (0)9 6817 8217, email: ari.kaaro@seligson.fi