Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

It is registered

Ministry of Justice

Republic of Moldova

On September 21, 2015 No. 1067

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

of June 26, 2015 No. 36/12

About approval of the Regulations on structures like "master-feeder"

Based on Art. 103 and Art. 116 of the Law No. 171 of July 11, 2012 o 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 structures like "master-feeder", according to appendix.

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

Deputy Chairman of the National commission on the financial market

Yuriye Phillip

Appendix

to the Resolution of the National commission on the financial market of the Republic of Moldova of June 26, 2015 No. 36/12

Regulations on structures like "master-feeder"

This Provision is partial transposition of the Directive 2009/65/EU of the European Parliament and Council of July 13, 2009 about coordination 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, the Directive 2010/42/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 some orders connected with merging of funds, structures like "master-feeder" and the procedure of the notification published in the Official magazine of the European Union by L 176 of July 10, 2010 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 the prisoner between depositary and managing company, published in the Official magazine of the European Union by L 176 of July 10, 2010.

Chapter I. General provisions

1. The regulations on structures like "master-feeder" (further – the Provision) determine features of authorization and functioning of structures like "master-feeder", contents of the agreement or internal regulations of behavior, contents of the prospectus, form and method of the information transfer relating to investments of the organizations of collective investment into securities (further - OKITsB) the feeder type, owners of shares, consequences of reorganization and liquidation of "feeder" OKITsB, and also procedure of payments of the general provision connected with possession of derivative financial instruments.

2. The concepts used in this Provision have the determinations provided by the Law on the capital market No. 171 of July 11, 2012 (further – the Law No. 171 of July 11, 2012). Also for the purposes of this provision the below-stated concepts have the following determinations:

kontragentny risk – the risk of loss of OKITsB determined by possible failure to carry out by the partner in the transaction of the obligations to performing final cash payment under the transaction;

market risk – the risk of loss of OKITsB determined by fluctuation of market value of line items of portfolio of OKITsB which can be connected with change of variables of the market, such as interest rates, the currency exchange rates, stock prices or solvency of certain issuer;

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

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 50000 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.
More about search system

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.