Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

It is registered

Ministry of Justice

Republic of Moldova

On February 20, 2015 No. 1026

RESOLUTION OF THE NATIONAL COMMISSION ON THE FINANCIAL MARKET OF THE REPUBLIC OF MOLDOVA

of December 20, 2014 No. 62/20

About approval of the Regulations on transparency and openness of organization activity of collective investment into securities and societies of trust management of investments

Based on Art. 114 of the h. (1), (3), (8), (12) and Art. 140 of the h. (15) the item c) and the item d) the Law No. 171 of July 11, 2012 "About the capital market" (The official monitor of the Republic of Moldova, 2012, No. 193-197, the Art. 665) the National commission on the DECIDES: financial market

1. Approve Regulations on transparency and openness of organization activity of collective investment into securities and societies of trust management of investments.

2. This resolution becomes effective from the date of publication.

Chairman of the National commission on the financial market

Artur Hermann

Appendix

to the Resolution of the National commission on the financial market of the Republic of Moldova of December 20, 2014 No. 62/20

Regulations on transparency and openness of organization activity of collective investment into securities and societies of trust management of investments

This Provision is partial transposition of the Directive 2009/65/EU of the European Parliament and Council of July 13, 2009 about approval of acts of the legal force and administrative acts about the organizations of collective investment into securities (OKITsB) (reforming) published in the Official magazine of the European Union by L 302 of November 17, 2009 and Directives 2010/43/EU of the Commission of July 1, 2010 about application of the Directive 2009/65/EU of the European Parliament and Council in the part relating to organizational requirements, conflicts of interest, rules of conduct, risk management and contents of the agreement between depositary and society of trust management, published in the Official magazine of the European Union by L 176 of July 10, 2010.

Chapter I. General provisions

1. The regulations on transparency and openness of organization activity of collective investment into securities and societies of trust management of investments (further - the Provision) determine structure of specialized and periodic reports of societies of trust management of investments (further – ODUI) and the organizations of collective investment into securities (further - OKITsB), procedure for their creation and term of representation of the National commission on the financial market (further – the National commission), and also content and structure of the promotional material OKITsB.

2. For the purpose of this Provision the concepts determined by the Law on the capital market No. 171 of July 11, 2012 are used (further – the Law No. 171 of 11:07. 2012).

Chapter II. Report structure, procedure for their creation and representation to the National commission

3. ODUI constitutes specialized and periodic reports on own activities and on the activities managed by OKITsB which are published in the publication specified in constituent acts or rules of fund take place on own electronic page and are represented to the National commission.

4. The annual financial reports and semi-annual financial statements ODUI / investment company constituted according to the operating system of normative regulation of financial accounting and the audit report on annual financial position are attached to the specialized annual and semi-annual reports specified in Item 6 of this Provision.

5. Reports, stipulated in Item 6 these Provisions, are represented to the National commission on papers and electronically and are published in the terms specified in part (9) article 114 of the Law No. 171 of 11.07.2012. The reports provided by subitems 5) and 6) of Item 6, are not represented by self-regulating investment company.

6. The structure of specialized reports of ODUI and OKITsB includes:

1) the Report on provision of assets and liabilities of OKITsB constituted according to appendix No. 2.

2) the Income and expenditure statement of OKITsB and ODUI constituted according to appendix No. 3.

3) the Report on structure of investments of OKITsB constituted according to appendix No. 4.

4) the Report on the size of fund of guaranteeing investments of OKITsB constituted according to appendix No. 5.

5) the Report on the agreements signed by ODUI with managed by OKITsB, constituted according to appendix No. 6.

6) the Report on charges and the commission fees earned by ODUI, constituted according to appendix No. 7.

7. The reports specified in Item 6 of this Provision are represented in I and III quarters prior to the 25th following reporting quarter.

8. ODUI for each managed OKITSB / self-regulating investment company weekly submit the report on net asset value on one share or one share for each working day constituted according to appendix No. 8. This report is certified by depositary of the relevant OKITsB. Deadline of submission of the weekly report is every Friday of week on which the report, is constituted till 17:00. In case of non-working holidays deadline of submission of the weekly report is the prior working day.

9. The report on net asset value on one share or one share is weekly published in the publication specified in constituent acts of investment company or rules of fund and is placed on the ODUI electronic page.

10. Date of submission of the report date of the actual transfer of reports to the National commission, stipulated in Item 6 (with appendix of the title page) or Item 8 is considered. The title page shall contain information specified in appendix No. 1. The report on net asset value on one share or one share, stipulated in Item 8, is submitted without title page.

Full text available with active License only!

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

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.