Regulatory Alerts2025-12-02 | 09/21/3296/К03Added · Updated
Decision on Amendments to the Regulation on Professional Activity in Capital Markets - Asset Management for Construction Financing and Real Estate Operations
The National Commission for Securities and Stock Market amends the Regulation on professional activity in capital markets by adding a new paragraph to Section V. This addition mandates that a new manager of a Real Estate Investment Fund (REF) or assets transferred from a non-professional entity must maintain the operational reserve at the level it was transferred and ensure its formation and replenishment for new participation agreements in accordance with existing rules. The decision requires submission for state registration, publication on the Commission's official website, and becomes effective the day after its official publication, with oversight assigned to Commission member A. Ilyin.
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