State Financial Market Authority (Russia)
The State Financial Market Authority (FFMS, FFSR) (Russian: Федеральная служба по финансовым рынкам, ФСФР) is a state executive body that regulates the Russian financial market. This includes issuing concessions, overseeing foreign exchange, issuers, professional market participants and their self-regulating organizations, the Russian pension fund and state-owned enterprises, with the FFMS having strong similarities to other financial market regulators in Europe. The only major difference is that the FFMS in Russia also manages the pension fund, with the state deposit insurance currently amounting to around 700,000 rubles, therefore around 20,000 euros. It is also a major social responsibility of the FFMS to inform the population about how the financial markets work.
structure
The FFMS has its headquarters in Moscow and is part of the Russian government. The authority is divided into 13 regional divisions in Saint Petersburg , Yekaterinburg , Novosibirsk , Nizhny Novgorod , Rostov , Vladivostok , Krasnoyarsk , Oryol , Omsk , Samara , Chelyabinsk , Saratov and Irkutsk . There are a total of nine departments in the FFMS.
From March 23, 2004 to May 10, 2007, Oleg Vyugin was the head of the company, after which he handed over the management to Vladimir Miliovidov, who still holds this position today. Oleg Vyugin's four assistants were Vladislav Streltsov , Sergei Kharlamov , Bembya Khulkhachiev and Vladimir Gusakov .
history
The FFMS was established by Decree 314 on "the system and structure of state executive bodies in the financial sector" of the then Russian President Vladimir Putin . The FFMS received both the tasks of the former State Financial Market Commission of Russia (Russian Федеральная комиссия по рынку ценных бумаг) and some tasks of the old Ministry of Labor and Social Development in Russia. Furthermore, the FFMS also takes over previous activities of the Ministry of Antimonopoly Policy and the Russian Ministry of Finance.
Web links
- Official website
- State Securities Commission (Russian)
Individual evidence
- ↑ FFMS at devisenhandel-forex.de. (No longer available online.) Archived from the original on December 9, 2011 ; Retrieved August 16, 2010 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
