Czech News - November 1997 - New Laws And Amendments In Draft - Amendment To The

The Government approved an amendment to the Act on Investment Companies and Funds, which would require funds, which are traded at more than a 25% discount to open-end by mid-1999.

Under the Act, funds would also have to reduce their maximum share in individual companies from 20% to 11% by this date.

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For further information on the above, please contact Mr Richard Fletcher by telephone on +420 2 2440 1300 or E-mail directly to richard.g.fletcher@arthurandersen.com