Legal regulation of investment funds in the European union and the Russian federation

Abstract

The paper is devoted to some basic aspects of the legal regulation of investment funds in the European Union, including the issue of understanding the legal nature of an investment fund as a type of collective investment schemes, in comparison with the law of the Russian Federation. Based on the analysis of the Russian regulatory legal acts, the author concludes that the legal system of the Russian Federation, despite some shortcomings, successfully copes with the regulation of investment funds. In addition, an important factor in the development of legal regulation in this area is the growing role of the Eurasian Economic Union (EAEU), in particular, the initiative to create a common financial services market, under which a number of basic agreements have already been adopted. The author believes that, within the framework of the EAEU, additional stricter requirements for investment funds similar to those provided for in EU law should not be introduced as this can lead to a negative result associated with the loss of investor interest in the use of such schemes.