Legal encyclopedia. Letter C

SELF-REGULATED ORGANIZATION

Professional participants of the securities market is a voluntary association of professional participants in the securities market that operates on the basis of the Law on the Securities Market and operates on the principles of a non-profit organization. SO is established for:

1) providing conditions for professional activity of participants in the securities market;

2) compliance with the standards of professional ethics in the securities market;

3) protection of interests of owners of securities, other members of S.O.

4) establishing effective rules and standards for conducting transactions with securities.

S.O. has the right:

1) receive information on the results of inspections of the activities of its members;

2) develop rules and standards, monitor their compliance;

3) develop training programs and plans in accordance with the qualification requirements of the federal body

Executive authorities on the securities market, train officials and SO personnel, determine the qualifications of officials, issue them

Kv Alimification certificates.

SO, established by no less than ten professional participants of the securities market, operates on the basis of the permission of the federal executive body for the securities market.

Requirements for SOA:

1) professional qualification of the staff;

2) rules and standards for the implementation of professional activities;

3) rules that limit the manipulation of prices;

4) availability of documentation, record keeping and reporting;

5) the minimum value of own funds;

6) the rules of entry, exit, exclusion from the organization of a professional participant in the securities market;

7) distribution of costs, payments, fees among the members of S.O.

8) protection of clients' rights, consideration of claims and complaints of clients - members of S.O.

9) sanctions and other measures against members, officers, personnel of S.O.

10) control over the implementation of sanctions and measures, their accounting;

11) maintenance of an information transparency for checks.

For S.O. the following rules are established:

1) conclusion, registration and confirmation of transactions with securities;

2) conducting operations (clearing and (or) settlement transactions);

3) registration and accounting of documents;

4) the resolution of disputes between members of S. O.;

5) procedures for providing information;

6) rendering services to persons who are not members of SO