Publicly-traded companies in Germany have been obliged to prepare their consolidated financial statements according to IFRS since the 2005 financial year for issuers of debt securities only and companies that report according to US GAAP. Within the framework of international accounting standards, these consolidation rules are of particular importance to special fund investors: IFRS specify for meeting SIC- 12 criteria that – beyond ‘normal’ subsidiaries – special purpose entities must also be consolidated. And special funds count as SPEs. IFRS-compliant reports for special funds Universal-Investment has all the data required for IFRS-compliant fund reporting and supports clients who request such reports when consolidating their special funds. You can find out more about Universal-Investment’s IFRS services here.