Riigikogu passed Act for better protection of investments
The Riigikogu passed two Acts:
The Act on Amendments to the Investment Funds Act (408 SE), initiated by the Finance Committee, which amends the regulation concerning the liquidation of investment funds in order to prevent legal ambiguity in the liquidation of funds and to ensure sufficient protection of investor, was passed with 82 votes in favour. The amendment must ensure that, where necessary, the Financial Supervision Authority can intervene and, in case the general meeting is unable to cooperate, decides on the liquidation of the fund and appoints competent liquidators who take over the administration of the fund.
The Hunting Act (351 SE), initiated by the Government, was approved with 45 votes in favour (39 against). It provides for the creation and use of hunting districts, the observation of wild game animals, hunting quotas and structure and other bases of hunting, determines the documents certifying hunting rights, and provides for compensation for the damage caused by wild game animals, and state supervision and liability. The Act enters into force on 1 June 2013. Karel Rüütli, Annely Akkermann, Tõnis Kõiv and Aivar Riisalu took the floor during today’s debate.
On the motion of the Constitutional Committee, the Riigikogu rejected at the first reading the Bill on Amendments to the Riigikogu Election Act (388 SE), initiated by the Estonian Centre Party Faction, which had been intended to implement the verification of electronic votes at the local government council elections due to be held this autumn. The result of voting: 47 votes in favour, 24 against. The Bill was dropped from the legislative proceeding.
The Riigikogu Press Service
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