European Parliament Library

Russian Federation :, Report on the Observance of Standards and Codes-IOSCO Objectives and Principles of Securities Regulation

This paper presents an assessment of the level of implementation of the IOSCO (International Organization of Securities Commissions) objectives and principles in the Russian Federation. Some of the most recent regulatory changes in the Russian Federation are clearly based on international standards. In other areas, further initiatives will be required. These include conflicts of interest identification and improving standards of management in professional market participants. It will also require the creation of legal gateways which will enable supervisors with the necessary skills sets to provide guidance as to what the Central Bank of the Russian Federation’s (CBR) reasonable expectations are on a range of issues. CBR also faces a major challenge in enforcing the regulatory regime and will need additional resources
Table Of Contents
Cover; CONTENTS; Glossary; EXECUTIVE SUMMARY; INTRODUCTION; REGULATORY STRUCTURE; MARKET STRUCTURE; A. Market Intermediaries; B. Collective Investment Schemes; C. Markets; D. Preconditions; MAIN FINDINGS; RECOMMENDED ACTION PLAN AND AUTHORITIES' RESPONSE; A. Authorities' Response to the Assessment; FIGURES; 1. Market Intermediaries; 2. Licences Issued and Cancelled; 3. Number of Unit Investment Funds; 4. Structure of Open and Interval Unit Investment Funds; 5. Share of the Ten Largest Management Companies; 6. MICEX Composite Index 2013-14
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
Form Of Item

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