The special depository stores and records the property of the fund. The special depository maintains a register of investment share holders. Combining the functions of a special depository and a registrar, it improves the operation of a mutual fund and reduces the investment costs of unit holders. The special depository ensures control over transactions with the fund's property and checks their compliance with the current legislation. Registry rules Regulations of JSC "PRSD" PERSONAL AREA "FIRST SPECIALIZED DEPOSITARY" (PRSD) was created in June 1996 within the framework of the state program for the development of mutual investment funds in the Russian Federation. The PRSD was the first in Russia to receive a license to operate a specialized depository. The PRSD operates on the basis of a license to carry out the activities of a specialized depository No. 22-000-1-00001 dated August 8, 1996 , issued by the Federal Commission for the Securities Market * of Russia (without limitation of the validity period). DURING ALL THE YEARS OF FORMATION AND DEVELOPMENT OF THE INDUSTRY, THE PRSD HAS SERVED AS A RELIABLE PARTNER FOR THE PARTICIPANTS IN THE COLLECTIVE INVESTMENT MARKET. IRSP CONTINUES TO BE ONE OF THE LEADERS IN THE COLLECTIVE INVESTMENT MARKET. AT PRESENT, THE PRSD SUCCESSFULLY WORKS WITH MORE THAN 80 MANAGEMENT COMPANIES, SERVICING MORE THAN 300 MUTUAL FUNDS, JOINT-STOCK, PENSION AND OTHER FUNDS. * According to the Decree of the President of Russia V.V. Putin "On the System and Structure of Federal Executive Bodies" No. 314 of March 9, 2004 - FFMS of Russia (Federal Service for Financial Markets). © 1996— 2016 First Specialized Depository