The Law is aimed at ensuring the effective attraction and investment of financial resources of various investors and defines the legal framework for the establishment, operation and reporting, termination of joint investment entities, the process of managing their assets, establishes specific requirements for the storage, composition, movement and structure of these assets, the specifics of the issue, circulation and accounting of securities of all types of joint investment institutions, in addition to the procedure for disclosure of information about their activities.
The law is definitely worth reading, especially when a local community establishes a profitable (investment) fund as a collective investment institution to address the main problems of the community.