Article 39. Investment Declaration of an Investment fund Chapter 5. Asset Management of an Investment fund of the Law on Investment and Venture Funds
1. The investment declaration of an investment fund must contain:
1) the full name of the management company, custodian and auditing organization of the investment fund, the details of their licenses and location;
2) the procedure for accounting and determining the value of investment fund assets;
3) the types, procedure for determining and maximum amounts of expenses and remuneration paid to the management company, the custodian and other persons to be paid from the assets of the investment fund;
4) the dividend policy, including the procedure for the distribution of net income and the minimum amount of money allocated for the payment of dividends;
5) description of the goals and objectives of the investment policy of the investment fund;
6) the list of investment objects of the investment fund, types of transactions, terms and limits of investment;
7) conditions for hedging and diversification of investment fund assets;
8) a description of the risks associated with investing in facilities defined by the investment declaration, as well as measures aimed at reducing them;
9) restrictions on investment policy provided for by this Law and the regulatory legal act of the authorized body.
2. Amendments and additions to the investment declaration of a joint-stock investment fund are approved by the board of directors of this investment fund and submitted for registration to the authorized body in electronic form in accordance with the procedure established by a regulatory legal act, within three working days from the date of their approval.
Amendments and additions to the investment declaration of a joint-stock investment fund shall enter into force thirty calendar days after publication in a print publication or receipt by all shareholders of the text of these amendments and additions in accordance with the procedure established by the fund's charter, indicating their registration with the authorized body.
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.
President
Republic of Kazakhstan
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