In 2004 the European Union legislation required all assets management companies to comply with the requirements applicable to investment agents concerning the provision of financial services in accordance with Directive 2004/39/ЕC of the European Parliament and of the Council on markets in financial instruments (MiFID) when providing services related to management of individual portfolio of securities and consultations on securities. These requirements of the European Union legislation were ratified in Bulgarian legislation by the adoption of the Markets in Financial Instruments Act (MFIA) in 2007 and by the amendments of the Public Offering of Securities Act (POSA) by the end of 2011 and the adoption of the Collective Investment Schemes Activities Act and Regulation № 44 for its enforcement, thereby ratifying the requirements of Directive 2009/65/ЕC on the coordination of laws, regulations and administrative provisions relating to undertakings for the collective investment in transferable securities.

The main purpose of those regulatory requirements is to improve the level of protection for investors in financial instruments. This is achievable by the reciprocal exchange of information between the clients and the asset management company – the client should be given information regarding the types of financial instruments, the applied policy of treating conflict of interests, etc., and the asset management company should be given any and all information by the client as needed to enable it to assess to what extent a certain service would suit that client.

Therefore, before proceeding to the signature of a service contract with the asset management company DV Asset Management, we advise you to read carefully the information available in the links below:

Information disclosure on risk management