In 2007-10-25 the new amendment of the Law on Collective Investment Undertakings has been approved. The main innovation of the new edition is possibility to establish private equity, real estate, hedge funds and other specialized collective investment undertakings. Close-ended collective investment undertakings will also be possible. The law will come into force in 2008-03-01.

So there is some time to think over the plans for operation and creation of new collective investment undertakings.