Article 23. Implementation of regulation of the activities of investment and mutual funds

On investment and mutual funds (LRU-392-son) · Date: 25.08.2015 · In force

Regulation of the activities of investment and mutual funds is carried out by the authorized state body for regulation of the securities market by:

establishing procedures for the trustee management of investment and mutual funds, including keeping records of their investment assets and disclosing information about their activities;

restrictions on the participation of officials and affiliates of the trustee in the operations of investment and mutual funds;

establishing requirements for the contents of the investment declaration and other documents of investment and mutual funds;

monitoring the activities of investment and mutual funds, trustees and the Central securities depository.

An agent for the issue, redemption and exchange of investment units may only be the Central securities depository, acting on behalf of and at the expense of the trustee on the basis of an agreement concluded with the trustee. The procedure for the Central securities depository to issue, redeem and exchange investment units is established by the authorized state body for regulating the securities market.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/4610865

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Cite as: Article 23. Implementation of regulation of the activities of investment and mutual funds On investment and mutual funds (LRU-392-son). neolex.uz/en/laws/law-2731865/23 (lex.uz/docs/4610865)