Article 5. Names of investment and venture funds The Law on Investment and Venture Funds

Home / RLA / Article 5. Names of investment and venture funds The Law on Investment and Venture Funds

1. The name of a joint-stock investment fund must contain the words "joint-stock investment fund".

1-1. The name of a joint-stock investment fund acting as a real estate fund should contain the words "real estate fund.

2. The name of the risk investment investment fund must contain an indication in the name that this fund is a risk investment fund.

3. The name of the mutual investment fund must contain the words "mutual investment fund", indicating whether it is open, interval or closed.

3-1. The name of an Islamic investment fund must contain an indication in the name that this fund is an Islamic fund.

3-2. The name of the venture fund must contain the words "venture fund".

4. In the names of investment and venture funds, it is prohibited to use the words "national", "central", "government", "guaranteed" or "insured" in the specified or modified form in any language. The names of investment and venture funds should not imply or imply insurance or guarantee of income from investments.

5. A legal entity that is not registered with the Government for Citizens State Corporation (hereinafter referred to as the Corporation) as a joint–stock investment fund and has not registered the issue of shares of the investment fund with the authorized body, as well as has not concluded a trust management agreement with the management company, is not entitled to call itself an investment fund or operate as an investment fund. and use the words "investment fund" in any combination in their names.

If, within two months from the date of termination, termination or expiration of the trust management agreement concluded between the joint-stock investment fund and its management company, the joint-stock investment fund does not conclude a trust management agreement with a new management company, the joint-stock investment fund is subject to re-registration with the Corporation in connection with the name change.

Failure by a joint-stock investment fund to re-register with a Corporation within the time period established by this Law is the basis for its compulsory liquidation in accordance with the procedure established by Article 15 of this Law, at the request of any of the interested parties.

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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