Article 13. Restrictions on the activities of an investment fund

An investment fund may not:

issue corporate and infrastructure bonds, as well as preferred shares;

invest more than 10 percent of the net assets of the investment fund in securities of one issuer or in the shares of a limited liability company;

attract credit and (or) borrowed funds if the total amount of debt to be repaid exceeds 15 percent of the value of the net assets of the investment fund as of the date of signing the loan and (or) loan agreement (the term of the loan and (or) loan may not exceed three months);

be a guarantor, mortgage property or property rights;

make investments in securities and shares of business entities, the legal form of which provides for additional liability of their participants;

make investments in securities issued by the trustee, audit organizations, as well as acquire shares in their authorized capital;

acquire and have shares in other investment funds;

enter into transactions not related to investment activity, acquire options or futures;

make investments totaling more than 10 percent of the fundʼs net assets (except for investments in securities).