DECISION OF THE NATIONAL COMMISSION ON SECURITIES AND STOCK MARKET OF UKRAINE

of June 11, 2013 No. 991

About approval of Requirements to audit opinion which moves in the National commission on securities and the stock market in case of disclosure of information on results of activities of institutes of joint investment (share and corporate investment funds) and the company on asset management

According to Article 7, Item 13 of article 8 of the Law of Ukraine "About state regulation of the security market in Ukraine", article 27 of the Law of Ukraine "About securities and the stock market", the Law of Ukraine "About auditor activities", the Law of Ukraine "About joint-stock companies", the Law of Ukraine "About institutes of joint investment", the Law of Ukraine "About financial services and state regulation of the markets of financial services", International standards of quality control, audit, survey, other provision of confidence and the accompanying services the National commission on securities and the stock market RESHILA:

1. Approve Requirements to audit opinion which moves the National commission on securities and the stock market in case of disclosure of information on results of activities of institutes of joint investment (share and corporate investment funds) and the company on asset management which are applied.

2. To provide to management of information technologies, external and internal communications (A. Zaik) publication of this decision according to requirements of the legislation of Ukraine.

3. To provide to department of the analysis, strategy and development of the legislation (M. Libanov) submission of this decision on state registration in the Ministry of Justice of Ukraine.

4. This decision becomes effective since January 01, 2014, but not earlier than day of its official publication.

5. Control over the implementation of this decision to assign to the member of NKTsBFR O. Brain.

Approved by the Decision of the National commission on securities and the stock market of Ukraine of June 11, 2013 No. 991

Requirements to audit opinion which moves in the National commission on securities and the stock market in case of disclosure of information on results of activities of institutes of joint investment (share and corporate investment funds) and the company on asset management

I. General provisions

The audit opinion which moves the National commission on securities and the stock market (further - the Commission) in case of disclosure of information on results of activities of institutes of joint investment (share and corporate investment funds) and the company on asset management, shall be constituted according to requirements of International standards of quality control, audit, survey, other provision of confidence and the accompanying services (further - MSA), in particular with MCA 700 "Formulation of opinion and provision of the report of rather financial reporting", MCA 705 "Modification of opinion in the report of the independent auditor", MCA 706 "Explanatory paragraphs and paragraphs on other questions in the report of the independent auditor", MCA 710 "Comparative information the corresponding indicators and the comparative financial reporting", MCA 720 "Responsibility of the auditor concerning other information in documents, which contain the financial reporting checked by the auditor", MCA 250 "Consideration legislative and regulations in case of financial records audit", MCA 550 "Related parties", MCA 610 "Use of work of internal auditors".

II. The main requirements to audit opinion in case of disclosure of information on results of activities of institutes of joint investment (share and corporate investment funds)

1. The audit opinion consists of two Sections:

1) "Report of rather financial reporting":

introductory paragraph;

responsibility of managerial personnel for the financial reporting;

responsibility of the auditor;

statement of opinion;

2) "Report on other legal and regulatory requirements":

the description of questions and conclusions to which the auditor came;

auxiliary information which reveals in audit opinion;

main data on auditing firm;

the main data on terms of the contract on carrying out audit;

signature of the auditor;

date of audit opinion.

2. The audit opinion has the title which accurately specifies that it is the report of the independent auditor, namely: 

 "Audit opinion (report of the independent auditor)

rather annual financial reporting

_______________________________________________,

(name of institute of joint investment)

which assets are in management _______________________________________

                                       (the name of the company on management

                                                       assets)

condition for December 31 _____ years".

3. The audit opinion is addressed to those for whom it was prepared. The addressee - the Commission, general meeting, the supervisory board and so forth.

4. Section "Report of Rather Financial Reporting".

The introductory paragraph in which are specified:

1) main data on investment fund:

full name;

code on EGRPOU (for corporate investment funds (further KIF);

type of activity on KVED (for KIF);

type, type and class of fund;

date and certificate number about entering of investment fund into EGRISI;

registration code on EGRISI;

the term of activities of investment fund (for urgent investment funds);

the location (for KIF);

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