Law of Georgia on Investment Funds (No. 6805-RS of 2020)

The purpose of this Law is to develop the investment funds market, to ensure free competition in said market, and to protect the interests of investors. This Law shall apply to: a) investment funds established in Georgia, as well as foreign investment funds the units of which are offered in Georgia; b) asset management companies of investment funds referred to in sub-paragraph (a) of this paragraph; c) asset management companies established in Georgia, irrespective of whether or not an investment fund under its management is established in Georgia; d) other natural and legal persons involved in activities related to the investment, management, safekeeping, administration, and record keeping and registration of the assets of investment funds referred to in sub-paragraph (a) of this paragraph. Persons having a place of registration or a place of management in Georgia shall not carry out the activities of an investment fund or an asset management company in or outside Georgia without having been authorised/registered/licensed by a supervisory authority in accordance with this Law, except in cases determined by this Law.