Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
Mutual investment funds (PIF) will have the right to change their status from “qual” to “non-qual” if they meet certain conditions. They are spelled out indraft instructions of the Bank of Russia, which is published for public comment.
This opportunity will become available on March 1, 2026, and will be relevant primarily for those funds that were focused on riskier assets only at the initial stage.
In order to undergo requalification, the management company, in particular, will need to amend the rules of trust management so that units are now available to non-qualified investors, and also adapt the composition and structure of the fund to new shareholders. By the time the documents, including the adjusted rules, are sent to the Bank of Russia for registration, all units must be paid in full, and there should be no restrictions or grounds for termination of the mutual fund itself.
The change of status will allow qualified investors to exit the project after the completion of its risky stage, for example, after the commissioning of the constructed shopping center, while non-qualified investors will be able to receive regular income from renting out the constructed facility.
Comments and suggestions regarding the draft instruction can be sent to the Bank of Russia up to and including March 7, 2025.
Preview photo: Andrei Stepanov / Shutterstock / Fotodom
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