The draft law on investment funds is being prepared in Belarus


The bill is being developed under the auspices of the Ministry of Economy. The document determines the procedure of the establishment and operation of investment funds, as well as the requirements for their activities.

"It is obvious that Belarus should create institutions of collective investors, - the expert believes. - This is assigned in the draft concept of financial market development in Belarus for 2011-2015 years".

Banking and securities market, insurance market, leasing market, etc. are discussed in the draft concept. "The goal is to improve capitalization, quality of services providing by participants of financial markets", - said Alexander Halperin.

Today banking sector dominates in the financial market of Belarus. At the same time it is necessary that other segments develop more actively, stated the expert.

The project concept is on approval in the government. "It is planned that the document will be linked with a social-economic development in the next five years", - said Alexander Halperin.

According to Belarusian portal