Helpful Information
NAUFOR is the National Association of Securities Market Participants; a Russian self-regulatory organization that unites professional securities market participants: brokers, dealers, trust managers and depositaries. The Association goals and objectives include development and perfection of the securities market regulation system, provision of conditions for NAUFOR members’ activity, establishment of rules and standards of NAUFOR members’ activity and supervision over compliance therewith, monitoring of its members activity. NAUFOR is an affiliated member of IOSCO - International Organization of Securities Commissions.
NLU - National League of Management Companies; an All-Russian self-regulating organization of professional security market participants’ organization performing their activity in the form of managing investment funds, unit investment funds.
UIF is Unit investment fund; a property complex without establishing a legal entity; trust management over its assets is performed by a management company for the purpose to increase the assets of a corresponding unit investment fund.
Rules of trust management over a unit investment fund are terms and conditions of a contract on trust management of assets of a unit investment fund set forth in the form of a public offer.
RVCA is Russian Venture Capital Association; RVCA performs the following activity: creates a positive political and entrepreneurial environment for investment activities; represents the RVCA members interests at the government level, in press, in financial and industrial markets within the country and abroad; provides information support and communicative grounds establishment for the Russian venture market participants; builds a cluster of highly qualified professionals for the venture business companies. RVCA became an associate member of European Venture Capital Association (EVCA) in June 1997.
Management (Operating) Company is a legal entity having a license for trust management of unit investment funds’ assets. Management company main functions include fund assets trust management.
FFMS is the Federal Financial Markets Service of Russia. The Federal Financial Markets Service is a federal executive authority performing such functions as approval of regulatory legal acts, supervision and control in the sphere of financial markets (save for insurance, banking and audit activity). Federal Financial Markets Service of Russia is directly subordinate to the Government of the Russian Federation.
