Fund management activities (66.300)

Index

This SCA code includes activities and services for which entry and/or other conditions for the commencement and pursue of an activity are established.

Regulations and conditions:

Investment Funds and Management Companies Act and Alternative Investment Fund Managers Act

The Securities Market Agency issues authorisations and decides on changes of status of:

management companies,
alternative investment fund managers,
mutual funds,
alternative investment funds,
mutual pension funds.

Prior to the entry of its establishment in the court register or to the entry of change of activity in the business register, a management company must obtain an authorisation to provide the services of managing investment funds, whereby a written request in the name of the management company must be submitted by its founders.

To manage alternative investment funds, the alternative investment fund manager must obtain a permit for the management of alternative investment funds, except in cases provided for by the law governing alternative investment fund managers.

A company may not be entered in the court register if its name contains:

the words "asset management company" or derivatives from these words if a legal entity does not fulfil the conditions for the provision of services of management of investment funds,
the words "alternative investment fund manager" or derivatives from these words if that person does not meet the conditions for the management of alternative investment funds,
the words "Specialized Investment Fund" or derivatives from these words or the "SIF" label if that person does not have a recognized specialized investment fund status.

Source: Ministry of Finance

Activities/services which are classified in this sub-class of the standard classification of activities:

Activities/services as per the explanatory notes on the standard classification of activities:

This includes:

portfolio and fund management activities on a fee or contract basis, for natural persons and legal entities and others, such as:
- management of mutual funds,
- management of other investment funds and
- management of pension funds.

Source: Statistical Office of the Republic of Slovenia

Applies for SKD:

Fund management activities L66.300

Cross-border/temporary provisions of activity

Management companies and alternative investment fund managers authorised in another EU/EEA Member State may manage funds and provide services in Slovenia, directly or through a branch, after notifying their home supervisory authority.