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Features of the registration of an asset management company
Ukrainian legislation defines the following steps for the creation and registration of an asset management company (AMC): 1. Registration of AMC as a legal entity. It should be mentioned that the AMC can be established only in the form of LLC or JSC, and asset management is to be the only activity of the AMC specified in its constituent documents. In addition, the law stipulates that the authorized capital of the AMC should be formed only in cash in the amount of not less than UAH 7 million. 2. Obtaining a license for financial activities (asset management). The license for asset management is issued by the National Commission on Securities and Stock Market provided that all the documents required are filed and an application for the capability to perform asset management activities is to be provided. The AMC does not have the right to asset management without a license for financial activities. Furthermore, it should be stressed that the asset management company of the pension fund is to be registered in the State Register of financial institutions. Specialists of the COLARES Law Company are always ready to provide you with advising on the features of creating an asset management company and registration of financial institutions, and provide professional assistance in the preparation of a set of documents and support the procedures for obtaining the necessary licenses.