Article 2. Legislation of the Republic of Kazakhstan on investment and venture funds of the Law on Investment and Venture Funds

Home / RLA / Article 2. Legislation of the Republic of Kazakhstan on investment and venture funds of the Law on Investment and Venture Funds

1. The legislation of the Republic of Kazakhstan on investment and venture funds is based on the Constitution of the Republic of Kazakhstan and consists of the Civil Code of the Republic of Kazakhstan, this Law and other regulatory legal acts of the Republic of Kazakhstan.

2. If an international treaty ratified by the Republic of Kazakhstan establishes rules other than those contained in this Law, the rules of the international treaty shall apply.

3. The legislation of the Republic of Kazakhstan on the securities market and on joint-stock companies applies to investment funds, unless otherwise established by this Law.

4. The legislation of the Republic of Kazakhstan on the securities market, business partnerships, limited and additional liability partnerships and on joint-stock companies applies to venture funds, unless otherwise established by this Law.

5. Management companies engaged in asset management of investment funds within the framework of the special regulatory regime introduced in accordance with the Law of the Republic of Kazakhstan "On State Regulation, Control and Supervision of the Financial Market and Financial Organizations", the norms of this Law and regulatory legal acts of the authorized body, the National Bank of the Republic of Kazakhstan, adopted in accordance with this Law, They are distributed within the limits stipulated by the conditions of the special regulatory regime.

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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