Legal encyclopedia. The letter Φ

FEDERAL AUTHORITY OF THE EXECUTIVE AUTHORITY ON THE MARKET OF SECURITIES

- a state body implementing state policy in the field of the securities market, as well as control over the activities of professional participants in the securities market, through determining the order of their activities and determining the standards for the issue of securities.

The functions of FO IVR R. Ts. B. are:

1) implementation of the development of the main directions for the development of the securities market;

2) coordination of activities of federal executive bodies on issues of regulation of the securities market;

3) approval of emission standards for securities, securities prospectuses of issuers, procedure for state registration of the issue (additional issue) of equity securities, state registration of reports on the results of the issue (additional issue) of equity securities and registration of securities prospectuses;

4) development and approval of requirements for the rules for the implementation of professional activities with securities;

5) the establishment of requirements for transactions with securities, the norms for admission of securities to public offering, circulation, quoting and listing, settlement and depository activities;

6) establishment of requirements to the order of keeping the register;

7) establishment of order and implementation of licensing of various types of professional activities on the securities market, suspension or cancellation of licenses in case of violation of the requirements of the legislation of the Russian Federation;

8) issuing general licenses for the activity on licensing the activities of professional participants in the securities market, their suspension or cancellation;

9) establishment of order, implementation of licensing and maintenance of the register;

10) determination of the standards of activity of investment, non-state pension funds, insurance funds and their management companies, insurance companies in the securities market;

11) monitoring, compliance with the requirements of the legislation;

12) control the procedure for conducting transactions of professional participants in the securities market with cash or other property;

13) provision of disclosure of information on registered issues of securities, professional participants in the securities market and regulation of the securities market;

14) ensuring the creation of a publicly available system for disclosing information on the securities market;

15) approval of qualification requirements, performance of attestation;

16) drafting of legislative and other normative acts;

17) development of recommendations on the application of Russian legislation;

18) the management of regional offices;

19) keeping the register of issued, suspended and canceled licenses;

20) establishment and determination of the procedure for admission to primary placement and circulation outside the territory of the Russian Federation;

21) appeal to the arbitration court with a claim for the liquidation of a legal entity that violated the requirements of the RF legislation on securities, and on the application of sanctions to violators;

22) supervising the compliance of the volume of issuance of securities to their quantity in circulation.

F.O.I. V. R. R. C. B. has the right:

1) issue general licenses and exercise control;

2) qualify securities in accordance with the legislation of the Russian Federation;

3) establish mandatory standards;

4) suspend or cancel licenses;

5) establish the procedure for conducting inspections;

6) send binding instructions;

7) demand from professional participants of the securities market the documents necessary to resolve issues within its competence;

8) send materials to law enforcement agencies;

9) to file suits with a court;

10) make decisions on the establishment and liquidation of its regional offices;

11) to cancel qualification certificates.

Obligations of F.O.I. V.V. R. Ts. B. .:

1) ensuring the confidentiality of the information provided;

2) when sending requests for information, reasonably justify the need to obtain the requested information;

3) registration of documents subject to registration, no later than 30 days from the date of receipt, or provision of a reasoned refusal to register;

4) provision within 30 days of motivated answers to inquiries of legal entities and citizens on issues that fall within its competence.