Kazakhstan to expand investment fund structures under new draft lawKazakhstan's financial regulator plans to submit legislation to parliament by year-end, introducing reforms for investment funds, including new legal structures and enhanced investor protections, a senior official announced Tuesday."The draft law, which would take effect 60 days after presidential approval, aims to liberalize regulations while safeguarding retail investors," said Ruzaliya Gilmudinova, deputy head of the Financial Markets Regulatory Agency's securities market development department.Key provisions include: new fund structures including limited liability partnerships and general partnerships alongside existing unit and mutual fund options; categorization of funds into collective investment vehicles (open to all investors) and alternative investment funds (restricted to qualified investors); mandatory disclosure requirements for venture capital and private equity funds to improve transparency.The changes will lower market entry barriers for small and mid-sized companies while reducing their legal entity maintenance costs.The reforms specifically prohibit non-qualified investors from alternative funds investing in high-risk assets, while collective funds will be restricted to liquid, low-risk instruments. Disclosure rules will focus on essential metrics to inform investment decisions."We anticipate these measures will attract new capital into technology and SME sectors, reduce fraud risks, and increase tax compliance as the market becomes more transparent," Gilmudinova stated. (ICE ALMATY)

Fonte notizia: INTERFAX