2012-03-06
The Board of the Bank of Lithuania allowed UAB “Novus Asset Management” to approve the regulations of the open type complex special fund of investment in transferable securities “Novus Strategic Funds” being established by this company (which consists of two sub-funds: “Novus Balanced Portfolio” and “Novus Dynamic Portfolio”), its entire and abridged prospectuses, and to enter into a contract of depository services with Swedbank AB.
UAB “MP Pension Funds Baltic” has asked permission from the Bank of Lithuania to divide (wind up) the complex special investment fund “MP EFT Strategy Fund” established by it. The Board of the Bank of Lithuania allowed doing this, recognising as no longer valid the 13 May 2010 Resolution of the Securities Commission of the Republic of Lithuania No. 2K-101 on the said Fund.
As the Bank of Lithuania took over the functions of the Securities Commission this year, the Board of the Bank of Lithuania for the first time addressed the issues and adopted resolutions in relation to the activities of investment funds.