Yn= BGV jnubidtanb trust dbi BGV trust Fgalj Lxlfutavls Ff= BGV jnubidtanb trust dbi BGV trust Bursl Iarlftnrs, Eliafd` Iarlftnrs, Jabdbfl Iarlftnrs dbi Nplrdtanbs Iarlftnrs 46 Nftnolr ?;4<
Ildr fn``ldcul
Vdjl stdjjabc dbi ljjafalbfy
Sl hbnw tgdt edby nrcdbasdtanbs gdvl tdhlb d systledtaf dbi tgnucgtju` dpprndfg tn stdjjabc wdris dbi slrvafls sdjl`y nvlr tgl pdst twn yldrs, oy rlspnbiabc pnsatavl`y tn tgl cuaidbfl assuli oy tgl Bdtanbd` Tud`aty Ondri dbi oy BAFL, leordfabc trdbspdrlbfy donut tglar p`dbbli vlrsus dftud` stdjjabc, dbi jnfusabc nb gnw tn edhl slrvafls ds sdjl ds pnssao`l watgab dvda`do`l rlsnurfls. Sl drl d`sn dwdrl tgdt rlflbt elssdcls tn tgl systle nb sdjl stdjjabc dbi nb tgl blli tn abtlbsajy ljjnrts tn ellt tgl jabdbfad` fgd``lbcl gdvl ollb sllb ds fnbtrdiaftnry. Sl rlfncbasl tgdt at as aepnrtdbt tn njjlr f`draty tn tgl systle ds wl wnrh tncltglr tn f`nsl tgl cdps ab gld`tg dbi wl``olabc, fdrl dbi qud`aty, dbi jubiabc dbi ljjafalbfy ailbtajali ab tgl Javl Qldr Jnrwdri Zalw. Ygl furrlbt sdjl stdjjabc cuaidbfl gds ollb ilsacbli tn suppnrt ilfasanb edhlrs dt tgl wdri/slrvafl `lvl` dbi dt tgl Ondri tn clt tgl olst pnssao`l nutfnels jnr pdtalbts watgab dvda`do`l rlsnurfls. Ygl cuaidbfl suppnrts - out inls bnt rlp`dfl - tgl muiclelbts edil oy lxplralbfli prnjlssanbd`s dt tgl jrnbt `abl. Ygl rlspnbsaoa`aty jnr ontg sdjl stdjjabc dbi ljjafalbfy rlsts, ds at gds d`wdys inbl, watg prnvailr Ondris. Ds slt nut ab tgl cuaidbfl, at as aepnrtdbt jnr prnvailrs tn tdhl d rnubili valw nj stdjjabc. [rnvailrs sgnu`i ol do`l tn ilenbstrdtl tgdt tgly drl do`l tn lbsurl sdjl, qud`aty fdrl jnr pdtalbts dbi tgdt tgly drl edhabc tgl olst usl nj rlsnurfls. Ygas sgnu`i tdhl dffnubt nj pdtalbt dfuaty dbi ilplbilbfy, tael nj idy dbi `nfd` jdftnrs, sufg ds `abl nj sacgt jnr tgnsl fdrabc jnr pdtalbts. Ab snel fdsls, tglsl jdftnrs wa`` eldb d gacglr bueolr nj bursls plr pdtalbt, dbi ab ntglr fdsls at wa`` eldb d `nwlr bueolr nr iajjlrlbt fnbjacurdtanb nj stdjj fdb ol mustajali. Vnel trusts gdvl tdhlb abbnvdtavl dpprndfgls wglrloy D``ali Gld`tg [rnjlssanbd`s drl abf`uili ab tglar wdri odsli tldes, dbi tgas fdb gdvl d pnsatavl aepdft nb pdtalbt nutfnels. Sl suppnrt tgas dpprndfg wglrl dpprnpradtl`y aep`lelbtli. At as tglrljnrl aepnrtdbt tn `nnh dt stdjjabc ab d j`lxao`l wdy wgafg as jnfusli nb tgl qud`aty nj fdrl, pdtalbt sdjlty dbi ljjafalbfy rdtglr tgdb must bueolrs dbi rdtans nj
stdjj. Sl wnu`i strlss tgdt d 4=7 rdtan as d cuail bnt d rlquarlelbt. At sgnu`i bnt ol ubtgabhabc`y diglrli tn= dfgalvabc tgl racgt bueolr dbi od`dbfl nj f`abafd` dbi suppnrt stdjj tn il`avlr qud`aty fdrl odsli nb pdtalbt bllis ab db ljjafalbt wdy tgdt edhls tgl olst pnssao`l usl nj dvda`do`l rlsnurfls as tgl hly assul jnr prnvailr Ondris. Sglrl trusts drl do`l tn edxaeasl tgl prnpnrtanb nj tael splbt oy f`abafd` stdjj jnfusabc nb fdrl tgdt fnbtraoutls enst iarlft`y tn pdtalbt nutfnels (abf`uiabc tgrnucg tgl usl nj abbnvdtanb dbi tlfgbn`ncy) tglrl drl `ahl`y tn ol olbljats jnr ontg pdtalbt fdrl dbi jnr ljjafalbfy. Yrusts drl rlspnbsao`l jnr lbsurabc tgdt tgly clt tgl od`dbfl racgt oy blatglr ubilr-stdjjabc bnr nvlr-splbiabc, dbi drl do`l tn slfurl tgl racgt fnep`lelbt nj f`abafd` stdjj tn ellt `nfd` pdtalbt blli dbi farfuestdbfls. FTF d`wdys dsslssls stdjjabc `lvl`s ds pdrt nj rdtabc d slrvafl nb sdjlty ab ats prncrdeel nj fneprlglbsavl absplftanbs. Yglsl dsslsselbts abf`uil noslrvdtanb nj fdrl il`avlry, `astlbabc tn stdjj dbi pdtalbts, dsslssabc nutfnels nj fdrl dbi iasfussanbs watg bursl edbdclrs donut dsslsselbt nj dfuaty `lvl`s dbi dfgalvlelbt nj p`dbbli stdjjabc `lvl`s. Vtdjjabc rdtans drl blvlr tgl sn`l iltlreabdbt nj d rdtabc. Sl wa`` fnbtabul tn wnrh watg dbi suppnrt trusts tn slfurl ontg sdjl stdjjabc dbi crldtlr ljjafalbfy. Ygas wa`` abf`uil=
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jurtglr prncrlss nb tgl Enil` Gnspatd` `li oy @nri Fdrtlr, wgn wa`` ol wnrhabc watg prnvailrs tn ilvl`np d wdy tn usl idtd nb tgl bursabc dbi fdrl gnurs plr pdtalbt, sn tgdt stdjjabc drrdbclelbts rledab sdjl dfrnss d rdbcl nj iajjlrlbt taels dbi satudtanbs. @nri
Fdrtlr‑s
tlde wa`` ol wnrhabc f`nsl`y watg jrnbt-`abl stdjj tn put ab p`dfl d enrl snpgastafdtli dpprndfg tn eldsurlelbt nj bursabc tael dbi ats fnbblftanbs watg nutfnels, fnsts dbi ntglr fratafd` eldsurls8 dbi
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ilvl`npelbt nj jurtglr sdjl stdjjabc cuaidbfl. Sl drl furrlbt`y rlvalwabc tgl rlspnbsls wl gdi tn tgl `lttlr idtli 9 Ducust ?;4< dbi wa`` fnbjare jurtglr iltda`s nb tgl ilvl`npelbt nj tgl cuaidbfl dbi taelsfd`ls ab iul fnursl. Ab nrilr tn suppnrt ynur ljjnrts tn edbdcl ynur dclbfy stdjjabc fnsts, tgl edbidtnry usl nj dpprnvli jrdelwnrhs jnr prnfurabc bursabc dclbfy stdjj wa`` fnel abtn ljjlft jrne 41 Nftnolr. Jurtglr wnrh as olabc tdhlb jnrwdri dt pdfl oy Enbatnr dbi tgl BGV YID tn abtrniufl d bdtanbd` rdtl-fdp jnr d`` dclbfy stdjj, tn abf`uil eliafd` dbi ntglr dclbfy stdjj `dtlr tgas dutueb. Ds wl fn``lftavl`y wnrh nb ontg tgl ljjafalbfy dbi tgl sdjl stdjjabc dclbids, wl rlfncbasl tgl blli jnr f`draty dbi fnbsastlbfy dfrnss tgl wnrh nj d`` tldes ab tgl dre
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s `lbctg onials ab tgas drld. Sl wa`` ol wnrhabc gdri dfrnss tgl bdtanbd` nrcdbasdtanbs dbi ab f`nsl pdrtblrsgap watg prnvailrs dbi d`` f`abafadbs tn lbsurl tglsl drl il`avlrli ab tgl blxt pgdsl nj wnrh. Ygl jabdbfad` dbi qud`aty fgd``lbcls tgdt ynu drl crdpp`abc watg drl ubprlflilbtli, dbi wl tgdbh ynu jnr d`` ynu drl inabc jnr pdtalbts dbi tglar jdea`als.