Aggregated News From Investment Management Regulators

More flexibility in running funds for qualified investors

Report/Flag

Please complete the required fields.



Beginning from 1 February 2021, management companies (MCs) will be able to independently develop trust management rules for unit investment funds (UIFs) for qualified investors. Effective from this date, standard rules governing such UIFs are rescinded. The changes are introduced by amendments to the law on investment funds, which are coming into force.

The Bank of Russia’s ordinance establishing requirements for the rules of UIFs for qualified investors has been registered by the Ministry of Justice of Russia. The changes in regulations will give MCs more flexibility in drawing up rules, while investors will have more leeway choosing trust management terms.

This news item was originally published by the Central Bank of the Russian Federation (CBR RU). For more information, see the Source Link.

Regulator Information

Abbreviation: CBR
Jurisdiction: Russian Federation

Recent Articles

Sanctions Notice – Myanmar — GFSC

Please be advised that the following individuals and entities: Win Kyaw Kyaw Aung Zaw Min Tun Asia Sun Trading Company Limited Cargo Link Company Limited have been designated under the Myanmar (San

Sanctions Notice – ISIL (DA’ESH) and AL-QAIDA — GFSC

Please be advised that Islamic State in Iraq and the Levant in South-East Asia has been designated under the ISIL (Da’esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 (the UK regulati

SFDR data collection exercise for investment fund managers (IFMs) on regulatory requirements in relation to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial...

1. Context This Communiqué follows up on the CSSF communiqué published on 27 July 2022 announcing the intention of the CSSF to launch a data collection exercise...

EARNEASYMONEY

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

CVM accepts proposal for a term of commitment with the CEO of Clear Sale SA

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

Get the latest from Regulatory.News in your inbox!

×