Regulatory Alerts2020-09-22 | 169/04Rule for Keeping Registry of Investment Fund Unit Owners
The President of the National Bank of Georgia approved the Rule for Keeping Registry of Investment Fund Unit owners to establish standardized procedures for maintaining unit holder records. The regulation mandates that asset managers ensure the completeness, security, and confidentiality of the registry while defining specific requirements for account formation, operational documentation, and data retention. It further outlines the rights of unit holders to obtain extracts and specifies the obligations of asset managers and nominal owners to provide information to regulators and depositaries.
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