On Apr. 25, 2025, RUS CB issued ord 7007-U on establishing requirements for investment units of closed mutual investment funds for the purpose of applying subparagraph 4 of para 2 of art 3.1 of law 39-FZ on the securities market and subparagraph 3 of para 1 of art 21.1 of law 156-FZ, which is in force on May 23, 2025.
Document dated Apr. 25, 2025, was received on May 1, 2025 due to a fixed feed.
On Dec. 6, RUS CB proposed closed mutual investment funds rules.
RUS CB proposed ins on establishing requirements for investment units of closed mutual investment funds for the purpose of applying subparagraph 4 of paragraph 2 of article 3.1 of law no. 39-FZ on the securities market and subparagraph 3 of paragraph 1 of article 21.1 of 156-FZ on investment funds with explanatory note.
Consultation documents are only available on RUS CB website until comment deadline.
Proposals
According to the instruction brokers and management companies are exempt from conducting mandatory testing of non-qualified individual investors when the units belong to closed-end mutual funds categorized as market financial instrument funds.
Requirements apply to transactions for purchase/issuance of closed-end mutual funds.
Effectiveness
Comments and feedback are expected by Dec. 19, 2024.
On Apr. 25, 2025, RUS CB issued ord 7007-U on establishing requirements for investment units of closed mutual investment funds for the purpose of applying subparagraph 4 of para 2 of art 3.1 of law 39-FZ on the securities market and subparagraph 3 of para 1 of art 21.1 of law 156-FZ, which is in force on May 23, 2025.
Document dated Apr. 25, 2025, was received on May 1, 2025 due to a fixed feed.
Regulators
RUS CB
Entity Types
Bank; Inv Co
Reference
PR 4/28/2025; Ord 7007-U, 3/12/2025; CP, 12/6/2024
