Encyclopedia
Agent for Issuance, Redemption and Exchange of Investment Units
An agent for the issuance, redemption, and exchange of investment fund shares acts on behalf of and at the expense of the management company based on a power of attorney or agency agreement concluded with the management company, as well as a notarized power of attorney issued by it1.
Federal Law No. 156-FZ of November 29, 2001 "On Investment Funds," as amended on May 1, 2019, Article 27, paragraph 2 // Official Gazette of the Russian Federation. 2001. No. 49. Item 4562. ↩