The Slovenia Securities Market Agency has opened a public consultation on two draft general acts prepared under the Investment Funds and Management Companies Act (ZISDU-3), covering (i) how investment funds are defined and categorised and (ii) what management companies, including EU Member State management companies, must report to the Agency. The draft on key elements of an investment fund and the types and categories of investment funds would specify the key elements a collective investment undertaking must meet, set more detailed types of UCITS based on general investment characteristics, and define and name UCITS categories based on investment features or portfolio management techniques used for efficient portfolio management. It also introduces the concept of additional liquid assets, including their types and characteristics, how their size is determined, their relationship to other mutual fund assets, and the maximum permitted level. The reporting draft would define the content, format and deadlines for reporting on qualified holders of a management company, capital adequacy reporting, reporting on transfers of services or fund management and changes to transfer agreements, submission of changes to a fund’s risk management plan, and both regular and on-request reporting under Articles 187(5) and 454 to 456 of ZISDU-3, with an annex. Comments can be submitted until 5 September 2025.

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