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+Article 56 7. |
Article 56 7.The laws of a Member State may provide for derogation from paragraph 1 in the case of investment companies with fixed capital. For the purposes of this paragraph, the term ‘investment company with fixed capital’ means only companies:
(a)
the exclusive object of which is to invest their funds in various stocks and shares, land or other assets with the sole aim of spreading investment risks and giving their shareholders the benefit of the results of the management of their assets; and
(b)
which offer their own shares for subscription by the public. In so far as the laws of Member States make use of the option they shall:
(a)
require such companies to include the term ‘investment company’ in all documents indicated in Article 26;
(b)
not permit any such company whose net assets fall below the amount specified in paragraph 1 to make a distribution to shareholders when on the closing date of the last financial year the company's total assets as set out in the annual accounts are, or following such distribution would become, less than one-and-a-half times the amount of the company's total liabilities to creditors as set out in the annual accounts; and
(c)
require any such company which makes a distribution when its net assets fall below the amount specified in paragraph 1 to include in its annual accounts a note to that effect. 1. Übersicht
1.1 Referenzen1.2 Identifizierte Anforderungen1.3 Zugehörige Standards2. Identifizierte Anforderungen
3. Zugehörige Standards
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