An asset management company is created in the form of a joint-stock company or a limited liability company and operates in accordance with the requirements of the legislation of Ukraine, taking into account the specifics provided for by the Law of Ukraine “On Joint Investment Institutions”, “On Non-State Pension Provision”, and regulatory legal acts of the State the Securities and Stock Market Commission and the Commission for that matter.

An asset management company, in the charter must indicate information about:

• Activities to be carried out by the applicant
• Prohibition to combine asset management activities of institutional investors with other types of professional activities in the stock market, except as provided by law
• Implementation of asset management activities for institutional investors, taking into account the restrictions provided for by the Law of Ukraine “On Joint Investment Institutions”, “On Non-State Pension Provision”
• Creation of a reserve fund for an asset management company
• The authorized body that decides on the creation, liquidation of a Mutual investment fund, the issuance of investment certificates and other actions related to the implementation of asset management activities for institutional investors
• A structural unit or a separate official for conducting internal audit (control), which, in accordance with the requirements of the Regulations on the specifics of the organization and conduct of internal audit (control) in financial institutions engaged in professional activities in the stock market

The size of the authorized capital of the asset management company, paid in cash, must be at least 7,000,000 hryvnias on the day of submission of documents to the Commission for obtaining a license.

The participants (shareholders) of an asset management company (licensee) cannot include individuals who have an outstanding or unexpunged conviction in accordance with the procedure established by law for crimes against property, in the field of economic activity and / or in the field of official activity and have directly or indirectly shares (shares) in the amount of 10 percent or more of the authorized capital of this applicant (licensee).

Information about the ownership structure and related persons of an asset management company is transparent and complies with the requirements of the Licensing Conditions, if it discloses information about the system of relationships between legal entities and individuals in this legal entity, enables the Commission to identify all persons who have a significant participation in a professional participant in the stock market, including the relationship of control between them. The specified information of the applicant about the ownership structure and related persons of the applicant must be true, complete, contain information about all owners of the legal entity’s significant participation and comply with the requirements of these License Conditions.

For a legal entity – owner with a significant participation, which has direct ownership in the authorized capital of the applicant, the amount of own funds is sufficient if it exceeds the nominal value of its share in volume.

For a legal entity that is the ultimate owner of the applicant, the amount of own funds is considered sufficient if it is not less than the nominal value of the relevant share of the applicant.

The financial (property) condition of an individual owner with a significant participation, who has direct ownership in the authorized capital of the applicant, must meet the requirements for the availability of own funds in an amount exceeding the nominal value of his share.

The financial (property) condition of an individual who is the ultimate owner of the applicant must meet the requirements for having own funds in an amount not less than the nominal value of the corresponding share of the applicant.

The total area of the premises for ensuring the implementation of professional activities in the stock market – asset management activities of institutional investors (asset management activities) by the licensee must be at least 30 square meters, and its separate structural unit – at least 20 square meters. respectively.

An asset management company obtains a license upon submission of a self-regulatory organization of professional participants in the stock market, which unites asset management companies that carry out asset management activities of institutional investors (asset management activities).

When obtaining a license to carry out professional activities in the stock market – asset management activities of institutional investors (asset management activities), an asset management company must have at least three certified specialists (including a manager) who carry out asset management activities, and for the implementation asset management activities of institutional investors by separate subdivisions – at least two certified specialists in each separate subdivision (including the head of a separate subdivision).

The head and certified specialists of the asset management company (licensee) (including the heads and certified specialists of its separate subdivisions) that manage the assets of institutional investors cannot be officials certified by specialists in another professional stock market participant.

The head or acting head of a legal entity that manages the assets of institutional investors (except for a bank) must have at least three years of experience in the stock market, including at least one year of experience in senior positions in the stock market.

The chief accountant of a professional stock market participant must meet the following professional requirements:

• Have a complete higher education (specialist, master)
• Have a document on advanced training through training according to the standard program of professional training of accountants for professional participants in the stock market, approved by the decision of the National Commission on Securities and the Stock Market, and attestation in the manner determined by the Regulations on the procedure for training and attestation of specialists in the stock market. In the absence of such a document, within three months after being hired for the position of chief accountant, undergo advanced training. Attend this refresher course at least once every three years
• Not to have an outstanding or unexpunged conviction for crimes against property, in the field of economic and official activities, and also not to be deprived of the right to hold certain positions and engage in certain activities
• Have at least two years of work experience as an accountant or chief accountant in a financial institution or at least five years in any other institution

To get started, you must provide:

1. Data about Founders and ultimate beneficiaries.
2. Data about the Premises (the physical address where the company will be located).
3. Information about the Head, Chief Accountant, Responsible for financial monitoring (may be the person of the Director / Chief Accountant): passport, code, diploma, work book.
4. Data about AMC personnel.
5. Planned name of the Company.