of February 19, 1994 No. 55/94
About investment funds and investment companies
For the purpose of ensuring functioning of the stock market and the circulation of privatization papers I decide:
1. Approve Regulations on investment funds and investment companies it (is applied).
2. Determine that the Regulations on investment funds and investment companies based to commissioning subjects of business activity which contain in the name names "investment fund" or "investment company" or carry out activities, stipulated in Item 21 this Provision, within six months from day of publication of this Decree shall bring the constituent documents and conditions of implementation of release of investment certificates into compliance with requirements of the Provision.
3. To the Cabinet of Ministers of Ukraine to develop and in a month to submit for consideration of the Verkhovna Rada of Ukraine the bill of Ukraine "About modification and amendments to the Law of Ukraine "About the taxation of the income of the companies and organizations", directed to prevention of double taxation of the income from the activities connected with security circulation.
4. To the Ministry of Finance of Ukraine, Fund of state-owned property of Ukraine in two-month time to approve the regulations provided by this Provision.
President of Ukraine L. KRAVCHUK
Approved by the Presidential decree of Ukraine of February 19, 1994 No. 55/94
This Provision determines concept of investment funds and investment companies, procedure for creation and condition of their activities, implementation of the state control, and also measure for protection of interests of their participants.
1. The investment fund is the legal entity based in the form of private company taking into account the requirements established by this Provision which performs exclusive activities in the field of joint investment.
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