DCC Offers Investment Fund Units
OREANDA-NEWS. April 01, 2010. ZAO DCC receives notifications from Registrars maintaining share registers of unit investment funds that FFMS Order No.09-61/pz-n of 24.12.2009 “On Amendments to Order of the FFMS of Russia No. 08-17/pz-n of April 15, 2008 “On Registration of Rights for Units of Unit Investment Funds” (hereinafter referred to as the Order) comes into force on March 30, 2010 .
In accordance with the Order, only digital forms with a digital signature of the documents necessary to carry out transactions in share registers of shareholders of unit investment funds shall be accepted. Provision of different forms of the documents shall constitute a reason to reject to make an entry in the register of shareholders of unit investment funds, to accept the documents necessary to execute transactions in the share register and to furnish details on a nominee holder account.
You may avoid these inconveniences by transferring all units of unit investment funds owned by you or your company to depo accounts with DCC. Safekeeping of units of unit investment funds at DCC's depo accounts will release you from a necessity to organize and keep running the EDI system among you and Registrars, the only interaction needed will be with DCC.
Please note that DCC has nominee holder accounts in more than 130 registers of shareholders of unit investment funds, thus you can transfer your assets to DCC within one day and continue your work without a necessity to organize EDI with Registrars. The list of securities admitted to maintenance at DCC is available at the company's web-site.
Moreover, DCC has agreements with a number of Registrars about a possibility of sending a transfer deed of your account for transfer of units to a DCC's account via the EDI system operating between DCC and the Registrars. This will facilitate and speed up transfer of units to DCC. We continue to discuss a possibility for such interaction with other Registrars.
You can receive all necessary information on terms and conditions for assets transfer to depo accounts with DCC from your company's manager. We will do our best to facilitate the process of units transfer to DCC accounts and to achieve successful cooperation.
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