Article 11. State registration of the issue of shares of a joint-stock investment fund of the Law on Investment and Venture Funds

Home / RLA / Article 11. State registration of the issue of shares of a joint-stock investment fund of the Law on Investment and Venture Funds

1. The state registration of the issue of shares of a joint-stock investment fund is carried out in accordance with the requirements established by the legislation of the Republic of Kazakhstan on the securities market and this Law.

2. For the state registration of the issue of shares of a joint-stock investment fund, in addition to the documents defined by the legislation of the Republic of Kazakhstan, draft agreements of the joint-stock investment fund with the management company, as well as an investment declaration approved by the general meeting of founders or the sole founder of the joint-stock investment fund, are submitted.

3. Excluded by the Law of the Republic of Kazakhstan dated December 28, 2011 No. 524-IV (effective after ten calendar days after its first official publication).

4. The share issue prospectus of a joint-stock investment fund, in addition to the information specified by the legislation of the Republic of Kazakhstan, must contain:

1) excluded by the Law of the Republic of Kazakhstan dated December 28, 2011 No. 524-IV (effective after ten calendar days after its first official publication).

2) conditions and procedure for submitting and executing applications for the repurchase of shares of a joint-stock investment fund;

3) a list of intermediaries for the placement and (or) repurchase of shares of a joint-stock investment fund (if any), indicating their location and contact phone numbers.

5. The authorized body has the right to refuse state registration of the issue of shares of a joint-stock investment fund in case of non-compliance of the documents submitted by it with the requirements established by the legislation of the Republic of Kazakhstan, or the presence of contradictory, misleading information in the submitted documents.

6. The authorized body is obliged to notify the applicant in writing of the refusal of state registration of the issue of shares of a joint-stock investment fund, indicating the grounds for refusal.

7. Excluded by the Law of the Republic of Kazakhstan dated 07/02/2018 No. 166-VI (effective ten calendar days after the date of its first official publication).

The Law of the Republic of Kazakhstan dated July 7, 2004 No. 576.

This Law defines the legal status, specifics of the creation, operation, reorganization and liquidation of a joint-stock investment fund, the conditions and procedure for the creation, operation and termination of a mutual investment fund, the specifics of the legal status and activities of venture funds in the Republic of Kazakhstan, regulates relations related to the activities of professional securities market participants to ensure the functioning of investment funds, and It also defines the procedure for state regulation of investment funds.

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