FFMS (Federal Financial Markets) - is a Russian federal executive body, which reports directly to the government of the country and serves to control the financial markets.

The main areas of activity are:

  • adoption of regulations
  • supervision and control of the financial markets, except for auditing and banking.

Among other things, insurance regulators, credit cooperatives, microfinance, job exchange intermediaries, brokers, DC and exchanges. In addition, it provides excellent control, as observed with Russian legislation relating to anti-illegal use of insider information and market manipulation. FFMS since 2004, when a presidential decree created the service, which had abolished the authority of the Federal Commission on the Securities Market. From 2011 to the Federal Communications Commission attached FFMS insurance supervision.

The powers possessed by the FFMS

  • organization of research in the field of financial market
  • state registration of securities issues, reporting on the results of their issue, the registration of the Prospectus and other activities on the issue and circulation of securities
  • to consolidating the practice of law, and make proposals for improvements to the Russian government, and the development of regulations, for example, legislative projects
  • controlling and supervisory action against professional players in the securities market, issuers, their self-governing organization, commodity exchanges, and equity investment funds, mutual funds, the Pension Fund of the Russian Federation, etc..
  • compliance with Russian legislation on the disclosure of information in the market, and the implementation of this practice
  • represent the interests of the Russian Federation and maintain its competitiveness in the international market, namely, the FFMS acts as a permanent member of the International Organization of Securities Commissions IOSCO

Brokerage companies that have a national license in Russia, provided by the Federal Service for Financial Markets

  • Finam
  • EXNESS
  • Alpari
  • Grand Capital
  • Admiral Markets
  • Instaforex

 In the ranking of brokers Forex broker license FFMS has 30 points, as well as some other national licenses, for example, Cyprus, Switzerland.

 

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