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Corporate law and governance, financial transaction taxes

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Financial infrastructure and financial market regulation


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Federal Financial Markets Service has plans for Moscow as a Financial Centre

26.10.2011 12:15 / AK&M – Online News

Federal Financial Markets Service is planning to take a number of steps to develop Moscow as a Financial Centre, Dmitry Pankin said during Mosinterfin Moscow Financial Week, organized by the Financiers Guild and City & Financial Global Limited.

According to Dmitry Pankin, in 2012 FFMS is going to draft some 150 regulatory and legal acts, which will regulate Russia’s finance.

Dmitry Pankin mentioned several improvements that were made for creation of international centre in Moscow, including laws on insider information, financial statements consolidation and clearing.

Dmitry Pankin underlined the importance of the Centralized Depository Act, which will open doors for more laws to improve the investment climate.

He added that a set of measures is developed to simplify IPOs and a draft bill on bond issue that will protect bond owners’ rights.

“Moscow has huge potential, mostly in the commodities market. Besides, we offer access to the CIS markets. Besides, we can assist the CIS markets with integration into the Russian market”, underlined Dmitry Pankin.

Project Group №1Dmitry Pankin