Nowadays, the Russian financial sector is experiencing quite hard times. Dramatic decrease of liquidity, securities market rapidly falling down, corporate debt defaults, freezing of construction, financial problems of parent structures, mass investors outflow – all these factors have almost simultaneously crushed onto participants of the collective investments market.

• How do managers feel in these hard times?
• How do unitholders behave in time of crisis, and why?
• Will the square meter price fall down, and what will happen with property funds?
• What is a probability of mass corporate debt defaults and what are the consequences for the industry?
• What are the problems the crisis have helped indentify need immediate solution?

In any case, crisis is not only about unexpected problems, it’s always about unexpected prospects. Stronger players get a possibility to acquire weaker competitors (and their competitive advantages) at a good price. Cold-blooded and balanced investors get a possibility to open long-term long positions at very good prices at the expense of speculators who cannot manage their risk and have lost fortunes during the falldown.

• How will the balance of powers at the Russian collective investments market change?
• What will be the old brands’ new life?
• What are potentially the most interesting investment solutions today?

Crises come and go, while the market and its participants’ evolution always goes onward.

• How will the investors and market professionals be affected by the recent amendments to the Investment Funds Law and related secondary legislation adopted by FSFM and other agencies?
• What king of new instruments will appear at the market?
• How will an investor benefit from the ‘Qualified Investor’ status?
• How does the renovated regulatory framework look?
• How to effectively structure the business using close-ended funds?
• How can unit funds help bring the much needed liquidity into a business?

• collective investments market professionals: management companies, investment funds, private pension funds, specialised depositaries, registrars, auditors, investment fund appraisers;
• banks and insurance companies;
• investors, inclusing professional investors: manufacturing companies CEOs, private investors, foreign investors;
• representatives of public and municipal authorities, research, analytical and educational institutions.

Co-Chairpersons

A. Aksakov
President, Association of Regional Banks

A. Beskrovnyi
Head, Directorate for Regulation and Control over Collective Investment, Federal Service for Financial Markets

P. Kiryukhov
Director General, MFC Training Center

D. Alexandrov
President, National League of Management Companies

A. Savatyughin
Director, Financial Policy Dept, Ministry of Finance

S. Kharlamov
Deputy Head, Federal Service for Financial Markets

Executive Committee

Anton Kuzin
phone/fax: +7 (495) 953-7450*109

Natalya Zinchenko - Executive Director
phone/fax: +7 (495) 921-2273, 963-2809, 964-1319

• sector's results and the prospects of further development;
• participation of management companies in national and other governmental and/or regional projects;
• current trends in the regulatory framework development and the development of self-regulation;
• changes in the legal framework, inclufing the Investment Funds Act;
• taxation in the collective investments sector;
• work of specialised depositaries and registrars and their relationship with the management companies;
• development of real estate unit funds, mortgage and direct investments funds;
• new services rendered by management companies: credits on the security of units, management of the insurance companies' insurance reserves etc.;
• dealing in units at the regulated market;
• pension institutions and investment of pension savings assets;
• PR and marketing of management companies;
• analysis of investors' behaviour and preferences;
• modern trends in the collective investments market development in the leading economies of the world (U.S., Great Britain, Germany, Japan)
• non-resident investors at the Russian collective investments market.

Conference guest speakers include Senators, MPs, high-rank officials of the Presidential Administration, the Ministry of Econiomic Development and Trade, the Ministry of Finance, the Federal Service for Financial Markets, the Central Bank, the Agency for Mortgage Housing, the Russian Union of Industrialists and Entrepreneurs, the Association of Russian Banks, the Association of Regional Banks, the Association of Managers, the Russian Association of Builders, the Russian Institute of Directors, the National Association of Non-Government Pension Funds, the National League of Management Companies, as well as industry professionals representing management companies and specialized depositories.

The Participation Fee for non-residents is EUR 800.-

The fee includes Conference materials, coffee-breaks, lunches, and the Closing Reception.

International Trade Centre, 12, Krasnopresnenskaya naberezhnaya, Entrance 4, Moscow (Underground: ULITSA 1905 GODA or KRASNOPRESNENSKAYA)

How to get there:

Please choose the most convenient for you way of registration:

• By telephone: +7 (495) 921-2273, 964-0480, 964-3190
• By fax: +7(495) 921-2273, 964-0480, 964-3190 (print out the Registration Form)
• By mail: 30, Buzheninova street, Moscow, 107023, Russia (print out the Registration Form)
• By e-mail: ecc@educenter.ru
• Online: register

Upon receipt of your Registration Form, we will immediately contact you with further instructions. Registration deadline is 30 November, 2008.

Should you need any additional information, please feel free to contact us at:

Telephone/Fax +7 (495) 921-2273, 964-0480, 964-3190
e-mail: ecc@educenter.ru

Registration: Vera Mikina, Elena Kireeva, Anna Kosheleva, Tel. +7 (495) 921-2273, 964-3190 (ext. 126, 129, 130)
Sponsorship: Natalia Zinchenko Tel. +7 (495) 964-1319 (ext. 110), Lia Korob Tel. +7 (495) 921-2273 (ext. 143)
Press-Centre Natalya Zakharova, Tel. +7 (495) 921-2273 (ext. 108), Natalya Medvedeva, Tel. +7 (495) 953-7437
Conference Papers: Anton Kuzin, Natalia Zinchenko, Tel. +7 (495) 921-2273 (ext. 110), 951-0973, 953-7450 (ext. 109), 951-0993

Hotel booking in the "Mezhdunarodnaya" Hotel (Moscow International Trade Centre) and other hotels of Moscow is available upon request.

Please call us at +7 (495) 921-2273, 964-0480, 964-3190 or indicate that hotel booking is needed while registering.