Marketing funds in Austria requires the sharing of data with different actors: A custodian bank, tax representative, perhaps a paying office. A recent decision of the Supreme Administrative Court (VwGH) dealt with certain data integrity and privacy issues in the course of such sharing: The primary investment fund rules which regulate these topics (sec 12 para 2 Investment Fund Act) are only applicable for those data which the investment fund manager himself aggregated; however the conflict of interest rules (sec 22 et seq Investment Fund Act) may be applicable also for data other than those which the investment fund manager gathered. (2015/02/003)
Keep your data wisely
