Management of CIF assets

The main functions of AMC during the term of the contract

— manages CIF assets in accordance with the requirements of the Investment Declaration, the Regulations, the Prospectus and the current legislation of Ukraine;

— develops proposals regarding the Fund's investment policy;

— promotes CIF interest in relations with state authorities, legal and natural persons (residents and non-residents), international and public organizations;

submits the Regulations, the Prospectus, and amendments for registration, concludes and terminates contracts with the auditor (auditing firm), securities dealer, the Central Securities Depository, property appraiser;

— organizes the placement and redemption of the placed shares of CIF in accordance with the Regulations and Prospectus;

— participates in the management of the legal entity activities whose shares are part of the assets of CIF;

— fulfills the requirements of legislation in the field of prevention and countermeasures against legalization (laundering) of criminal proceeds;

— carries out primary and accounting reports of CIF activity results, compiles statistical information. In accordance with the requirements of the current legislation of Ukraine, it provides financial reporting and statistical information on the activity of CIF.

The remuneration of AMC is set in relation to the value of the Fund's net assets, is calculated monthly from the Fund's assets and is paid in cash based on asset management contracts.

Conditions and procedure for replacement of AMC

The replacement of AMC is carried out by the decision of the General Meeting of CIF by terminating the Agreement on asset management and conclusion of an agreement on asset management of CIF with another AMC.

AMC is replaced by CIF in the event of:

— expiration of the Agreement;
— adoption of a decision to replace AMC by the General Meeting for any reason;
— violation by AMC of the terms of the Asset Management Agreement, the Regulations, the Prospectus or current legislation of Ukraine;
— adoption of a decision by AMC to refuse CIF assets management;
— cancellation of the license issued by AMC;
— liquidation of AMC.