Banking. Regulation of securities market (most important)

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Banking. Regulation of securities market (most important)

Lecture notes, cheat sheets

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Topic 54. Regulation of the securities market

It is a not a chaotic transaction for the purchase and sale of securities, it is an organized process based on the principles of state regulation and self-regulation.

State regulation is based on compliance certain principles: 1. Observance of all interests of all participants 2. Openness and publicity 3. Public trust and benefit.4. maximum use of information 5. Ensuring healthy competition to improve the quality of services.

RZB regulation has the following objectives:1. Maintain order in the market, 2. Protect participants from individual fraud.3. ensuring free pricing based on supply and demand.

The regulatory process at the RZB includes: 1. Creation of a regulatory framework for the functioning of the market 2. Selection of professional participants 3. Control over compliance with rules and regulations and a system of sanctions for violation.

The most important the principles of state policy on the RZB are: 1. The principle of state regulation, which is expressed in the implementation of measures to protect the rights of market participants on the basis of licensing and regulation of all types of professional activities in the market. 2. The principle of the unity of the regulatory framework on the territory of Russia 3. The principle of minimal government intervention and maximum self-regulation. 4. The principle of equal opportunities, i.e. the state stimulates competition while ensuring the equality of all participants before the regulatory authorities and the lack of advantages of state-owned enterprises in the securities market over commercial ones. 5. The principle of continuity of state policy. 6. The principle of orientation to world experience.

In its composition, state regulation The securities market should provide for: 1. Formation of the regulatory framework 2. Use of the system of control over the functioning of the securities market 3. Licensing of professional activities at the securities market 4. Registration of the issue of securities. 5. Creation of taxation systems.

Self-regulatory organizations - these are non-profit and non-governmental organizations created by professional participants of the RZB on a voluntary basis with the aim of regulating certain aspects of the market on the basis of state support and conferring state status.

Purpose of creation: 1. Providing the necessary conditions for professional activity at the RZB 2. Development and control over compliance with the standards of professional activity at the RZB. 3. Protecting the interests of securities owners.

Rights of self-regulatory organizations: 1. Develop rules and standards for the implementation of professional activities and operations with securities. and exercise control over their observance 2. To carry out the training of officials as well as the issuance of qualification certificates to professional participants. The status of a self-regulatory organization is given by the federal commission for the securities market.

PARTAD - professional association of registrars, transfer agents and depositories.

Authors: Shevchuk D.A., Shevchuk V.A.

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