Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

It is registered

in Ministry of Justice

Russian Federation

On June 17, 2008 No. 11850

ORDER OF THE FEDERAL SERVICE FOR FINANCIAL MARKETS

of May 22, 2008 No. 08-20/pz-n

About requirements to terms of order taking for acquisition and repayment of investment shares of closed-end investment fund and payment procedure of monetary compensation in case of repayment of investment shares of closed-end investment fund

According to the subitem 5 of Item 3 of Article 17, Item 13 of Article 18, Item 1 of Article 24 and the subitem 1 of Item 2 of article 55 of the Federal Law of November 29, 2001 N 156-FZ "About investment funds" (The Russian Federation Code, 2001, N 49, Art. 4562; 2004, N 27, Art. 2711; 2006, N 17, Art. 1780; 2007, N 50, 6247) I order to the Art.:

1. Requests for acquisition of investment shares of closed-end investment fund in case of its forming shall be accepted during the term of forming of this closed-end investment fund determined by rules of trust management of this fund.

2. Requests for repayment of investment shares of closed-end investment fund shall be accepted within two weeks from the date of disclosure of the message on registration of corresponding changes and amendments in rules of trust management of closed-end investment fund and if investment shares are intended for skilled investors within two weeks from the date of following behind day of registration of corresponding changes and amendments.

3. Requests for acquisition of investment shares of closed-end investment fund in case of early repayment of investment shares of this fund upon the demand of their owners shall be accepted within two weeks from the date of the expiration of order taking for repayment of investment shares, and in case of early repayment of investment shares by managing company according to the Federal Law "About Investment Funds" without statement of owners of investment shares of the requirement about their repayment - within two weeks from repayment date of investment shares.

4. Requests for acquisition of the additional investment shares of closed-end investment fund issued after completion (termination) of its forming shall be accepted no more than one month from the date of the beginning of term of the order taking specified in the message on the beginning of term of order taking for acquisition of additional investment shares of closed-end investment fund.

5. During terms of order taking for acquisition and repayment of investment shares of closed-end investment fund of the request shall be accepted every day, except for the days off and non-working holidays.

6. Payment of monetary compensation in case of early repayment of investment shares of closed-end investment fund is performed by its transfer to the bank account of person to which investment shares were extinguished. If accounting of the rights to the extinguished investment shares was performed on personal account of the nominee holder, payment of monetary compensation can be also performed by its transfer to the special depositary account of this nominee holder.

7. From the effective date this Order not to apply Items 2, of 3, 4 and 6 Resolutions of Federal Commission on Securities of Russia of July 03, 2002 of N 23/ps "About requirements to terms of order taking for acquisition, repayment and exchange of investment shares of mutual investment funds and payment procedure of monetary compensation in case of repayment of investment shares of closed-end investment fund" (it is registered in the Ministry of Justice of the Russian Federation on August 14, 2002, registration N 3689).

 

Head V. D. Milovidov

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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