General Requirements for the Formation of Equity Capital of Non-Bank Financial Institutions

Abstract

The aim of the article is to study the general requirements for the formation of equity capital of non-bank financial institutions. The non-banking financial institutions, in particular, joint investment institutions, non-state pension funds, and leasing companies, are studied. The current legislation is analyzed, and the classification of joint investment institutions is generalized, the difference between the most common joint investment institutions, namely, corporate and mutual investment funds, is considered. In the article, the authors demonstrate the interaction of entities serving joint investment institutions in conducting transactions with assets and equity components. The requirements for the formation of the authorized capital and other components of equity capital of joint investment institutions and asset management companies in accordance with domestic legislation are considered. The regulations on forming the authorized capital and determining the net asset value of joint investment institutions are analyzed. The requirements for founders of non-state pension funds, which affect the organization of accounting of these entities, are considered. The interaction of entities serving non-state pension funds is traced, and the requirements for their equity capital are considered.

Keywords

• equity
• non-bank financial institutions
• joint investment institutions
• non-state pension funds