Article 3-1. The main purpose, objectives and principles of state regulation in the field of investment and venture funds of the Law on Investment and Venture Funds

Home / RLA / Article 3-1. The main purpose, objectives and principles of state regulation in the field of investment and venture funds of the Law on Investment and Venture Funds

1. The main purpose of state regulation in the field of investment funds is to establish the legal basis for the creation, operation, reorganization and liquidation of a joint-stock investment fund, the creation, operation and termination of a mutual investment fund and the activities of professional securities market participants to ensure the functioning of investment funds, as well as the legal status and organization of venture funds.

2. The main objectives of state regulation in the field of investment and venture funds are:

1) setting standards for the activities of professional securities market participants in investment asset management of investment funds, their accounting and custody, as well as regulations on the activities of a venture manager;

2) ensuring the effective functioning of investment and venture funds;

3) concentration of oversight resources on the activities of professional participants in the securities market related to ensuring the functioning of investment funds;

4) defining the specifics of contracts concluded for venture financing purposes;

5) ensuring an appropriate level of protection of the rights and legitimate interests of shareholders of joint-stock investment funds, holders of units of mutual investment funds, shareholders and participants of venture funds, completeness and accessibility of information for consumers about the activities of investment and venture funds, professional securities market participants engaged in investment asset management of investment funds, and venture managers engaged in asset management venture funds.

3. The main principles of state regulation in the field of investment and venture funds are:

1) efficient use of regulatory resources and tools;

2) transparency of the activities of investment and venture funds, professional securities market participants in ensuring the functioning of investment funds and venture managers in asset management of venture funds;

3) effective functioning of investment and venture funds.

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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