{"id":1178006,"date":"2023-04-05T12:26:28","date_gmt":"2023-04-05T09:26:28","guid":{"rendered":"https:\/\/www.nssmc.gov.ua\/?p=1178006"},"modified":"2023-04-12T14:28:02","modified_gmt":"2023-04-12T11:28:02","slug":"dlia-iakisnoho-ta-prozoroho-upravlinnia-nktspfr-proponuie-onovlenyi-sklad-ta-rozmir-vytrat-isi-iaki-pidliahaiut-vidshkoduvanniu","status":"publish","type":"post","link":"https:\/\/www.nssmc.gov.ua\/en\/dlia-iakisnoho-ta-prozoroho-upravlinnia-nktspfr-proponuie-onovlenyi-sklad-ta-rozmir-vytrat-isi-iaki-pidliahaiut-vidshkoduvanniu\/","title":{"rendered":"For high-quality and transparent management: the NSSMC offers an updated composition and amount of CII expenses that are subject to reimbursement"},"content":{"rendered":"

The NSSMC (National Securities and Stock Market Commission) approved the draft Resolution, which significantly expanded the list of expenses that are subject to reimbursement from the assets of the CII (collective investment institution), and also increased the maximum amount of expenses, in particular for the remuneration of the AMC (asset management company).<\/strong><\/p>\n

This is proposed by the regulator’s Resolution No. 342 on Approval of Amendments to the Regulation on the Composition and Amount of Expenses Reimbursed from the Assets of the Collective Investment Institute, dated 03\/24\/2023.<\/p>\n

\u00abThe regulation, according to which the market worked until now, was adopted in 2013. Many of its norms were outdated, did not correspond to modern realities and needed to be adjusted to the norms of current legislation. But the main thing is that AMCs faced problems in the course of reimbursement of expenses, because their list was too limited and did not reflect the needs of business\u00bb, explains the reasons for the necessary changes Yurii Boiko, Commissioner.<\/p>\n

The document indicates that the following expenses may be paid from the assets of the CII:<\/strong>
\n1) remuneration of the asset management company;
\n2) remuneration of professional participants of the depository system of Ukraine;
\n3) remuneration of the investment firm;
\n4) remuneration of the operator of the organized market;
\n5) remuneration of the auditor (auditing firm);
\n6) remuneration to the property appraiser;
\n7) registration and notary services;
\n8) settlement and cash services and other bank services;
\n9) payment of the cost of services for the publication of information that is subject to mandatory publication;
\n10) expenses for using public electronic registers and databases, ordering paid certificates, extracts, etc.;
\n11) expenses for payment of communication and data transmission services;
\n12) development costs, providing support for functioning the CII website;
\n13) rent, including expenses related to maintenance and exploitation of leased property;
\n14) information and consulting services, legal services representative offices, marketing services (conducting marketing research), related to the identification of the object of investment of CII funds and payment of other information necessary to ensure collective investment;
\n15) expenses related to the acquisition, maintenance, protection, improvement, repair, operation and sale of assets that are part of the assets of the relevant collective investment institution;
\n16) advertising services related to the production and distribution of advertising about the collective investment institute and assets included in it;
\n17) expenses for insurance of assets of the collective investment institute and activities with assets;
\n18) labor costs of persons who are members of the supervisory board of the corporate investment fund;
\n19) costs associated with ensuring sufficient
\nthe qualification level of knowledge of persons who are members of the supervisory board of the corporate investment fund (courses, trainings, etc.);
\n20) court costs, attorney’s services, services of a collection company, remuneration of a private executor, etc.;
\n21) payment of taxes, duties and fees provided for by the legislation of Ukraine.<\/p>\n

The regulation specifies that the specified expenses should not exceed 15% of the average annual value of the CII’s net assets during the fiscal year.<\/p>\n

In addition, the document establishes the maximum amount of remuneration calculated in relation to the value of the net assets of the CII, namely:<\/p>\n