Definition
Public limited company that exercises control without owning a fund or investment company. The activity of management companies of collective investment schemes consists of managing, administering, and representing funds and investment companies, as well as defining and executing the investment policy.
Further information
Management companies of collective investment schemes can also manage venture capital funds and companies
Among other obligations, the management company must prepare a prospectus and the KIID (Key Investor Information Document) which outline the characteristics of the fund.
Management companies of collective investment schemes are included in the ‘financial auxiliaries’ subsector, S.126 in the sectorisation of the European System of Accounts 2010.
Related concepts
References
- Sectorisation table (European System of Accounts 2010).
- European System of Accounts 2010. Interactive version.
Update date: May 2025
