Commission updated the Regulations on the procedure for determining the net asset value of JIIs

The Commission continues its systematic work to improve the effectiveness of the regulatory framework aimed at protecting the rights of investors. Thus, at a meeting on 07 October amendments were made to the NSSMC Regulation No. 1336 dated 30 July 2013, which updated the Regulations on the procedure for determining the net asset value of joint investment institutions (JIIs).

These changes had been drafted based on the results of a comprehensive analysis and generalization of the practice of applying relevant legislation and with the aim of ensuring the transparency of JII activities.

Among the main changes:
● a list of cases was prepared in which the value of JII assets is reduced by the amount of accounts receivable/overdue accounts receivable;
● the range of indicators showing the need for asset write-down/reduction in the value of an asset was expanded (the presence of JII assets in the temporarily occupied territories or in the territories of military operations; the application of sanctions to legal entities whose corporate rights and/or securities are included in the JII assets);
● the procedure for revaluation (an increase in the value/write-down) of JII assets depending on the emergence or disappearance of certain signs of depreciation of such assets was clarified.

The Resolution enters into force on 01 November 2025 after its state registration with the Ministry of Justice. The full text of the Resolution can be accessed following the link.