The managing company is a commercial organization , a legal entity that manages the trust management of the property of other individuals and legal entities transferred in accordance with the trust management agreement .
Content
In Russia
In the legislation of the Russian Federation, the term is used in the following meaning: management company - a joint-stock company or a limited liability company established in accordance with the legislation of the Russian Federation and licensed by the Bank of Russia to manage mutual investment funds and non-state pension funds in accordance with federal law “On Investment Funds” (No. 156-ФЗ from 11/29/2001) [1] .
The management company can exercise trust management:
- The assets of the collective investment fund.
- By means of pension savings.
- Accumulation for housing for military personnel.
- Mortgage coverage.
- By means of the compensation fund of the self-regulatory organization of appraisers.
- The target capital of a non-profit organization.
- Pension reserves of non-state pension funds .
- Insurance reserves of insurance companies.
Also, management companies in Russian practice are often called organizations established to exercise management functions in holdings or financial-industrial groups . In addition, a management company can be understood as a “ management organization ” - a communal operator for the management of housing stock and related infrastructure.
In Ukraine
In Ukraine, the term Asset Management Company (AMC) is used for similar companies. A distinctive feature of Ukrainian legislation in this matter is the definition of the term “asset management company” in the law and detailed legislative regulation of restrictions in this area of activity.
See also
- Trust Deed
- Investment Advisor
- Investment fund
- Mutual investment fund
- Asset Management