Legal framework of investment funds in Macedonian economy

Abstract

The subject of research of this paper presents the relevant legal framework for providing everyday work of investment funds in Macedonian economy. The purpose of the research of this paper is to analyze whether there is prudent laws for investment funds, or some changes is necessary to be made in the legal system in Macedonian economy. The first part of the paper is an introduction, which explains the topic of the research, while the second part of this paper focuses on the relevant laws for investment funds in our country. The third part of the paper explains various directives and resolutions of the European Union for investment funds. The fourth part of the paper analysis the necessary reforms that should be made in the future in our economy to harmonize Macedonian law on the investment funds with the directives of the European Union. Finally, the fifth part of the paper is the conclusion.