The Act was introduced by the Chairman of Financial Markets and Monetary Committee Dmitry Ananiev, who stated that the law envisions a centralized institution in the Russian securities market along with state regulation guidelines and oversight. He says the Act will improve the effectiveness and competitive edge of the Russian securities market by expediting and simplifying transactions, lowering risks and thereby cutting costs. Securities safekeeping infrastructure will improve, approaching developed countries’ standards.

The Central Depositary Act was accompanied by amendments to several laws of the Russian Federation, that were also passed.

Trading infrastructure