of July 24, 2024 No. 143
About the National investment fund of the Kyrgyz Republic
Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 27, 2024
1. This Law determines the purposes and tasks, legal status, procedure for regulation of activities of the National investment fund of the Kyrgyz Republic (further - Fund), order of interaction of Fund and state bodies of the Kyrgyz Republic, and also other features of legal status of Fund and legal entities whose stocks are owned or are delivered in trust management to Fund.
2. Features of creation and activities of Fund are regulated by this Law.
3. In the part which is not settled by this Law, the Fund is guided by other special laws and regulatory legal acts of the Kyrgyz Republic adopted according to this Law, both other laws and internal documents of Fund.
In this Law the following basic concepts are used:
1) group of Fund - set of legal entities who are among Fund, its subsidiary companies, and also the companies concerning which indirect possession from such subsidiary companies takes place;
2) subsidiary companies of Fund - legal entities whose more than 50 percent of voting shares (shares) belong to Fund on the property right or owing to trust management;
3) the dependent companies of Fund - legal entities whose from 20 to 50 percent of voting shares (shares) belong to Fund or its subsidiary companies on the property right or owing to trust management;
4) indirect possession - ownership of Fund 50 of subsidiary company and more percent of voting shares (shares) of the legal entity on the property right, each subsequent ownership of such legal entity of similar packet of voting shares (shares) in other legal entity, and also finding of packet of voting shares (shares), similar by the size, in trust management of specified persons;
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