Law of the Russian direct investment Fund

The President signed the Federal law "About the Russian Fund of Direct Investments". Federal law establishes the legal status, principles of organization, purpose of creation and activity, reorganization and liquidation of joint stock company "Management company Russian Direct Investment Fund", as well as the order of implementation of activity on trust management of investment funds, including closed-end mutual Fund "the Russian Fund of Direct Investments". In accordance with Federal law, the sole shareholder of the named joint-stock companies is the Russian Federation. The control activity of the specified joint-stock companies by the state is implemented through the special procedure of appointment of the Director General and members of the Supervisory Board of joint stock company the President of the Russian Federation on representation of the Chairman of the Government of the Russian Federation.