PROFESSIONAL ACTIVITY ON THE FUND MARKET – TRADE IN VALUE FACTORS is carried out by securities traders – economic partnerships, for which securities transactions are an exclusive type of activity, as well as banks.
Professional trading in securities includes:
- dealer activity – the conclusion by the securities trader of civil-law agreements on securities on their own behalf and at their own expense for resale, except in cases provided for by law;
- brokerage activity – conclusion of securities contracts by civil traders in securities (in particular commission agreements, orders) regarding securities on their own behalf (on behalf of another person), on behalf and at the expense of another person.
- Underwriting is the conclusion by a trader of securities of agreements on alienation of securities and / or the performance of activities or provision of services related to such alienation in the process of issuing these securities on behalf of, on behalf and at the expense of the issuer, on the basis of the relevant agreement with the issuer.
- securities management activity – activity carried out by a securities trader on his behalf for remuneration within a specified period on the basis of an agreement on management of securities and money transferred to him, intended for investment in securities, as well as securities received in the course of this management and the funds owned by the founder of the management, in his interests or in the interests of the third parties identified by him.