The draft of Provision is approved
National Commission on Securities and Stock Market (NCSSM) completed the Regulations on the peculiarities of accounting operations of collective investment institutions (CII). The draft decision was approved at a recent meeting of the Commission, the press service of the regulator informs.
«I stress that the characteristics of CII accounting under the Law of Ukraine «On Collective Investment Institutions», which will come into force next year, are set by the Commission. In connection with development of the actual regulations, provisions were set out in a new edition. In particular, some of its rules were finalized and improved, and aligned to some legal acts regulating the activities of collective investment» - said Maxim Libanius, director of analysis, strategy and legislation development of NCSSM.
Thus, document determines the characteristics of CII accounting on equity, assessing their assets and features of accounting the activities of company’s management when establishing a unit investment trust.
The provisions were agreed with the concerned government agencies, and will soon be submitted to the Ministry of Justice for official registration.
