
	Journal of Foreign Legislation and Comparative Law Reference: Semilutina N.G., Solovieva S.V. Legal Regulation of Collective Investments Schemes under the Legislation of the Great Britain and the USA // Journal of Foreign Legislation and Comparative Law. 2014. № 1. P. 49-55. URL: https://en.nbpublish.com/library_read_article.php?id=64840 Semilutina N.G., Solovieva S.V. Legal Regulation of Collective Investments Schemes under the Legislation of the Great Britain and the USA Abstract: The article is about study of legal regulation of collective investments schemes in the Great Britain and the USA. Last time legislators of the Great Britain and the USA pay a lot of attention to collective investments. This article deals with traditional and new collective investments schemes in the Great Britain and the USA. Together with forms directed to attraction of means of indefinite number of potential investors, in the Great Britain and the USA forms, which were traditional for involvement of workers to the system of collective accumulation and saving of property, are actively developed. In the Great Britain such forms are: building societies, industrial and provident societies, friendly societies, in the USA – investment real estate trust fund. Keywords: investment found, collective investments schemes, investment fund, management company, unit trust, securities, financial services, small business investment company, investment declaration, open ended investment company. This article can be downloaded freely in PDF format for reading. Download article This article written in Russian. You can find original text of the article here . References 1. Directive 85/611 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securities // OJ, 1985 L375/3. 2. Directive 2009/65 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securities // OJ, 2009 L302/32. 3. Directive 2011/61/EU of June 8, 2011 on Alternative Investment Fund Managers and Amending Directives 2003/41/ EC and 2009/65/EC and Regulations 1060/2009/ and 1095/2010 // OJ, 2011, L174/1. 4. Brownlie v Russel [1883] 8 App. Cas 235, 248 HL. 5. «O tsennykh bumagakh» 1933 g. s posleduyushchimi dopolneniyami (Securities Act – 15 U.S.C 78a). 6. «O birzhakh» 1934 g. (Securities Exchange Act – 15 U.S.C. 78b). 7. «O trastovykh soglasheniyakh» 1939 g. s posleduyushchimi dopolneniyami (Trust Indenture Act – 15 U.S.C. 77aaa). 8. «Ob investitsionnykh kompaniyakh» 1940 g. (Investment Company Act – 15 U.S.C. 80a–1–80b–2). 9. «O fondakh doveritel'noy sobstvennosti nedvizhimogo imushchestva» 1979 g. (Investment Real Estate Trust Fund – 15 U.S.C. ….). 10. «Ob investitsionnykh kompaniyakh malogo biznesa» 1958 g. (Small Business Investment Company – 15 U.S.C. 661et sec)

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Semilutina N.G., Solovieva S.V. Legal Regulation of Collective Investments Schemes under the Legislation of the Great Britain and the USA