Parliament passes law "On investment funds"

Today, on 16 June, at a plenary session of mazhilis, its deputies have agreed with changes made by the senate in the draft law "On investment funds", KZ-today correspondent reports from Astana. As per the regulations, the law is considered to be passed by the parliament and it is sent to the head of state for signing.

Earlier it was reported that the law had been prepared in order to improve and stimulate the development of collective forms of investment, the extension of investment opportunities of small investors and spurring the securities market. The law must regulate legal relations occurring in the process of establishment, activities and cessation of investment funds, as well as an additional management of investment fund assets, allocation, circulation, and purchase of securities issued by them.