- it is established in the form of a joint stock company, a professional participant in the securities market, which:
- attracts funds by placing its own shares;
- systematically carries out the investment and reinvestment of the attracted funds in securities of other issuers, and
- in which the average annual share of the securities of other issuers in the balance sheet value of the total assets is at least 35%;
- the activity of an investment fund may not be combined with other types of activity;
- the types and classes of investment funds are provided for in art.3 of the Law on investment funds;
- the founders of an investment fund may be natural persons with legal capacity and legal entities from the Republic of Moldova and from other states, stateless persons, as well as foreign states and international organisations;
- the articles of association of the investment fund must contain the provisions of art.35 para.(1) of Law no.1134/1997 and art.5 para.(2) of Law no.1204/1997;
- the full name of the investment fund shall include:
- the words “fond de investiţie”;
- an indication of the type of fund;
- the specific name of the fund, allowing it to be distinguished from other organisations;
- the share capital of a mutual investment fund and that of an interval investment fund must each be at least 1 million lei;
- only an investment management organisation with the status of a legal entity may be the manager of an investment fund;
- banks, financial-industrial groups, insurance companies, pension funds, as well as joint stock companies resulting from the application of the provisions of art.31 para.(1) letter b) of Law no.1204/1997 may not be investment funds.