Form of expression of the state regulation of securities, primarily, are the regulations with which to regulate. Scope of legislation much easier to influence the state than other parts of the securities market. Consequently, by reasonable laws can provide the greatest impact in order to accelerate the process of becoming the stock market. At the moment there are about 1,000 laws and regulations governing various aspects of its participants. The main legislative acts that regulate the Russian securities market: the Law "On Central Bank of the Russian Federation," the Law "On securities market" Decrees of the President on development of securities market, etc. However, existing documents are often complementary, and even contradict mutually exclusive. topic.
That's why one of odnovnyh requirements of Presidential Decree 1008 from July 1, 1996 was to "ensure unity and consistency of state regulation of securities market through the mechanism binding agreement … "normative legal acts of executive power with the Russian Federal Securities Commission. Russia's national interests define the main objectives of public policy in the securities market. These include:. establishment and effective functioning of mechanisms to attract private sector investments in the Russian economy, and, above all, in the privatized enterprises;. finance the federal budget deficit based on market-related securities of non-inflationary methods of financing long-term specific projects.
establishment of reliable mechanisms and financial instruments, investments of the population;. restructuring management of privatized enterprises and the institution of 'effective ownership', increase the disciplining effect of the securities market in the administration of Russian companies. prevention social unrest and conflicts which may arise as a result of transactions in the securities market, by protecting the rights of participants in the securities market, and especially the rights of investors;. the creation in Russia of a civilized securities market and its integration into global financial markets, providing an independent place of the Russian market in the international capital markets;. struggle with surrogates and securities fraud, suppression illegal activities in the securities market. The state can exercise direct control over the so-called SM, which is to develop rules and regulations and monitor their implementation. In addition, the State exercises and indirect, or economic management RCB through taxation, monetary policy, public capital and public property and resources. At the moment, is predominant indirect regulation of securities market, namely: – control the money supply in circulation and the volume of loans granted by the influence on the lending rate – changes in taxation and timing of depreciation deductions; – Guarantees government (for deposits, loans, private loans, etc.) – foreign (foreign currency transactions, gold, measures to promote exports, foreign exchange restrictions, etc.) and foreign activities (development or collapse of political contacts, reflected in foreign trade and economic relations, military operations, etc.). Today, if the public authorities had actually become a real authority in the country, our country can hope for further development in all areas of life. After all, Russia – a country with huge potential and it should take its rightful place in the world.