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LAW OF THE REPUBLIC OF BELARUS

of July 17, 2017 No. 52-Z

About investment funds

Accepted by the House of Representatives on June 21, 2017

It is approved by Council of the Republic on June 26, 2017

Chapter 1. General provisions

Article 1. Main terms and their determinations

1. For the purposes of this Law the following main terms and their determinations are applied:

issue of investment shares - set of the actions of management company of mutual investment fund directed to emergence of the property right or other corporeal right to investment shares at their first owners;

activities of specialized depositary of investment fund (further if other is not established, - specialized depositary) - rendering according to the legislation of the Republic of Belarus of services in accounting of property of the joint-stock investment fund intended for investment, property of mutual investment fund, to its storage if other does not follow from nature of property and requirements of the legislation of the Republic of Belarus, and also control of the order the property of joint-stock investment fund intended for investment, property of mutual investment fund;

property of investment fund - set of the money and other property belonging to joint-stock investment fund (property of joint-stock investment fund) or money and other property constituting mutual investment fund (property of mutual investment fund);

the investment declaration - the document determining the strategy of investment of joint-stock investment fund or management company of mutual investment fund;

investment share - the personalized security issued in paperless form, confirming the owner's rights to share in the right of common property to property of mutual investment fund, receipt of the money in case of the termination of existence of this fund from realization of its property which remained after satisfaction of written requirements of creditors which shall be satisfied at the expense of property of this fund, and also after payment of the expenses connected with the termination of its existence, in proportion to quantity belonging to this owner of investment shares, other rights provided by this Law;

investment fund - the open joint stock company performing accumulation and investment of the money deposited by shareholders of this society as payment of the shares emitted by it, and also other property received as a result of such investment (joint-stock investment fund), or the set of the money received as payment of investment shares, and also other property acquired as a result of investment of money (mutual investment fund) belonging on the right of common ownership to owners of investment shares and being in trust management of management company of mutual investment fund;

the address of investment shares - making of the civil transactions or other legally significant actions attracting transition of the rights to investment shares from their first or each subsequent owner to other person;

repayment of investment shares - withdrawal of investment shares from the address in connection with the termination of existence of mutual investment fund, the redemption of investment shares by the management company of mutual investment fund which issued these investment shares or exchange of these investment shares for investment shares of other mutual investment fund;

rules of mutual investment fund - the document which particular purposes, establishes conditions and procedure for forming, existence and termination of existence of mutual investment fund;

placement of investment shares - stage of issue of investment shares in the course of which the civil transactions or other legally significant actions directed to emergence of the property right or other corporeal right to the investment shares at their first owners attracting transfer of investment shares to their first owners are made. The specified transactions are not the transactions made in the course of the address of investment shares;

estimated cost of investment shares - the cost calculated as the relation of net assets value of mutual investment fund to total quantity of the investment shares of this fund placed at the time of the termination of the present working day;

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