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It is registered

Ministry of Justice of Ukraine

September 3, 2013 

No. 1516/24048

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

of August 13, 2013 No. 1468

About approval of the Regulations on structure and the size of expenses which are refunded for the asset account of institute of joint investment

(as amended on 09-09-2014)

According to Item 13 of article 8 of the Law of Ukraine "About state regulation of the security market in Ukraine" and the Law of Ukraine "About institutes of joint investment" the National commission on securities and share roar of RESHILA:

1. Approve Regulations on structure and the size of expenses which are refunded for the asset account of institute of joint investment which is applied.

2. Provisions of the paragraph of the twenty second Item 2 of the Section I of this Provision it is applied to the bargains concluded till December 31, 2013 inclusive.

3. Declare invalid the decision of State commission on securities and the stock market of July 2, 2002 No. 196 "About approval of the Regulations on structure and the size of expenses which are refunded for the asset account of institute of joint investment", registered in the Ministry of Justice of Ukraine on July 22, 2002 for No. 600/6888 (with changes).

4. To provide to department of joint investment and regulation of activities of institution investors (O. Simonenko) submission of this decision on state registration in the Ministry of Justice of Ukraine.

5. To provide to management of information technologies, external and internal communications (A.Zaik):

publication of this decision in the official printing publication of the National commission on securities and the stock market;

promulgation of this decision on the official site of the National commission on securities and the stock market.

6. Control over the implementation of this decision to assign to the member of the National commission on securities and the stock market O. Tarasenko.

7. This decision becomes effective since January 1, 2014.

Commission chairman                                                   

D. Tevelev

 

The minutes of the Commission of August 13, 2013 No. 39

Approved by the Decision of the National commission on securities and the stock market of August 13, 2013 No. 1468

Regulations on structure and the size of expenses which are refunded for the asset account of institute of joint investment

I. Structure of expenses which are subject to compensation for the asset account of institute of joint investment

1. This Provision is developed according to the Laws of Ukraine "About institutes of joint investment", "About securities and the stock market", "About state regulation of the security market in Ukraine" and establishes requirements concerning structure and the size of expenses which are refunded for the asset account of institute of joint investment.

2. For the asset account of institute of joint investment are paid:

remuneration of the company on asset management of institute of joint investment;

remuneration to the keeper of institute of joint investment or depository institution;

remuneration to the auditor of institute of joint investment;

remuneration to the appraiser of property of institute of joint investment;

remuneration to the dealer in securities;

the expenses connected with ensuring activities of institute of joint investment namely:

registration services;

settlement and cash servicing of institute of joint investment by bank;

notarial services;

services of depositary;

payment of cost of promulgation of obligatory information concerning activities of institute of joint investment;

fee of stock exchange;

information services (payment of acquisition value of information concerning activities of issuers in whose securities it is placed or is provided to place assets of institute of joint investment; payment of the other information necessary for ensuring joint investment);

rent;

salary fund to members of the supervisory board of corporate investment fund;

the promotion services connected with production and distribution of advertizing concerning institute of joint investment;

the expenses connected with servicing of members of institute of joint investment and securities of institute of joint investment including the expenses on interest payment on the credits attracted with the company on asset management to the redemption of securities of institute of joint investment;

the expenses connected with acquisition, content and realization of real estate which is part of assets of institute of joint investment;

the court costs connected with activities of institute of joint investment;

taxes and fees, stipulated by the legislation Ukraine;

the expenses on interest payment on the credits attracted with the company on asset management of venture institute of joint investment.

3. For the asset account of institute of joint investment also the amounts which were paid by the company for asset management (for open and interval institutes of joint investment) at the expense of own means as the price of the redemption of securities of institute of joint investment are compensated in case of insufficiency of means which constitute assets of institute of joint investment.

4. Other expenses, not stipulated in Item 2 it undressed, and also expenses which exceed the size, stipulated in Item the 10th Section II of this Provision, are performed by the company on asset management on own account.

II. The sizes of expenses which are refunded for the asset account of institute of joint investment

1. Amount of remuneration of the company on asset management, procedure for its charge and payment are determined by regulations of institute of joint investment and the contract on asset management between the company by asset management and corporate investment fund.

2. Remuneration of the company on asset management is paid by money.

3. Remuneration of the company (except the company on asset management of venture fund) is determined by asset management as percent of net assets value of institute of joint investment.

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