Source Pravda.Ru

Antimonopoly Ministry starts investigation against Federal Commission for Securities Market

The Russian Ministry for Antimonopoly Policy started a criminal case against the Federal Commission for the Securities Market (FSCM) on a charge of the violation of the federal law 'On the Protection of Competition of the Financial Services Market' by creating obstacles for the activity of financial institutions on the financial services market, according to the press service of the Ministry.

According to the Ministry for Antimonopoly Policy, the FSCM established requirements for financial institutions, which lead to limitations on competition on the stock market The decree issued by the FCSM stipulates that a financial instrument (a basic asset) of forward transactions on the stock market may also be aggregative indices. Additionally, it stipulates that clearing institutions, which determine mutual liabilities on futures contracts and options, should have a corresponding license issued by the FCSM of Russia.

According to the press service, the FCSM introduced a new kind of securities, the so-called "aggregative index", which does not correspond to the concept of an issued security. Moreover, an additional kind of a license was introduced for the activities related to determining mutual liabilities on futures contacts and options, which contradicts Russian law. Russian legislation also provides no reference to such a kind of professional activity on the securities market as the clearing of futures contracts and options.

Comments
West at a loss: Russia is ready for $40 oil price
Americans obtain secret information about Russia’s new Avangard missiles
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Will Iran close the Strait of Hormuz to trigger global oil crisis?
Russian party girl Nastya Rybka refuses to please Washington
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Melania Trump starstruck when shaking hands with Putin
Militant Greek atheist Alexis Tsipras betrays his people, Orthodoxy and Russia
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Now it's Law: Israel is not a Democracy
Now it's Law: Israel is not a Democracy
Putin makes first public comment on Russian pension reform
Donbass referendum: Putin’s bright move to force Ukraine to obey
Now it's Law: Israel is not a Democracy
Americans obtain secret information about Russia’s new Avangard missiles
EU and Western Sahara: The Hassle and the Controversy!
After Syria, Russia goes to Afghanistan
Russia reveals new videos of Putin's new formidable weapons being tested