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In their capacity as recognised representatives of the fund management industry, fund associations have an important mission to look after the collective interests of management companies and fund savers alike in all dealings with the public authorities and legislature.

These organisations are a centre of excellence for the development of knowledge and understanding of the industry which helps to maintain and enhance its reputation and standing.

Member since 1995

With its head office located in Stavanger, Norway, SKAGEN Funds has been a member of the Norwegian Mutual Fund Association (VFF) since 1995. We subsequently also joined the Swedish Investment Fund Association (FBF) after Sweden became a home market in 2004.

Today, SKAGEN is authorised to market its funds in Norway, Sweden, Denmark, Finland, Iceland, the Netherlands, Luxembourg, the UK, Switzerland, Belgium, Germany, Ireland and France. In addition to the membership with VFF and FBF, we are currently members of the following associations:

  • Federation of Danish Investment Associations (IFR)
  • Dutch Fund & Asset Management Association (DUFAS)
  • Association of the Luxembourg Fund Industry (ALFI)
  • Investment Association (IA) and New City Initiative (NCI) in the UK
  • Swiss Funds and Asset Management Association (SFAMA)
  • Belgian Asset Managers Association (BEAMA)
  • German Investment Funds Association (BVI)
  • The French Asset Management Association (AFG)

Membership of such associations is an important mark of quality, indicating that the member company's fund management activities have received authorisation from the Financial Supervisory Authority in both the home and host country.

Active involvement in Europe

Since the scope of action for national legislators is becoming more and more determined at a European level, SKAGEN is also an active member of the European Fund and Assets Management Association (EFAMA).

Its close contacts with the regulatory authority, the government and the legislative body allow EFAMA to contribute to shaping regulation by bringing valuable input when there is need to adapt the regulatory framework, adopt a new European Directive or create a specific regulatory framework for new products or services.

Recognised UCITS funds

All the funds SKAGEN distributes internationally are UCITS funds. Norway is fully compliant with the UCITS Directive and its amendments. The UCITS V Directive (‘UCITS V’) was transposed into Norwegian law on 1 January 2018.


The UCITS V amends the regulatory framework for Undertakings for Collective Investment in Transferable Securities (“UCITS”) to address issues relating to the depositary function, manager remuneration and administrative sanctions. The UCITS V was published in the Official Journal of the EU on 28 August 2014, and EU member states had until 18 March 2016 to transpose the directive into national law.


UCITS V focuses on three main areas:

  • a new depositary regime which includes a clarification of depositary eligibility, duties, liabilities and depositary-related disclosure requirements and a set of rules under which tasks and responsibilities can be delegated;
  • rules governing remuneration policies of both management and investment companies managing UCITS, that must be applied to key members of the UCITS managerial staff; and
  • the harmonisation of the minimum administrative sanctions regime across member states

Influencing the environment - to the benefit of our clients

One important advantage to being a member of fund associations is that it allows us to closely monitor developments in the fund industry and provides us with the opportunity to influence and improve the legal, fiscal and regulatory environment for the investment management industry and to the benefit of our clients.

Moreover, the fund associations promote high standards of ethics, integrity and professionalism throughout the industry by developing codes of conduct, ensuring transparency and good corporate governance as well as supporting efforts to fight money laundering and financial crime.

Other investor proection information:

Fund regulations

Best execution policy


Common Reporting Standard (CRS)

What is a Norwegian fund?

Handling conflicts of interest


In het verleden behaalde resultaten zijn geen garantie voor toekomstige resultaten. Toekomstige resultaten zullen, onder andere, afhangen van marktontwikkelingen, de competenties van de fondsbeheerder, het risicoprofiel van het fonds en de beheervergoeding. Het resultaat kan negatief worden als gevolg van negatieve prijsontwikkelingen.