In our country, the regulation of securities in the market is carried out by both companies that participate in the stock market and government bodies. Today, more than the number of acts of the regulatory plan governing the repayment, issue and holding of tenders of the Central Bank throughout Russia has been adopted . The main task of government bodies involved in the regulation of the securities market is to create equal conditions for all investors and to ensure the safe conduct of securities transactions on trading floors in Russia.
In the state bodies of the Russian Federation, the central role of regulating the Central Bank’s turnover is carried out by monitoring the issue of securities created on the basis of requirements established by law, as well as licensing the professional activities of those who participate in the markets.
Legal regulation of the securities market in our country is carried out on the basis of federal laws adopted over 15 years ago. Today it is clear that the legislative framework has undergone significant adjustments. However, the basic principle laid down in most legislative acts is strict supervision of the securities market.
The main objective of the legal regulation of the Central Bank is the openness of issuers, through which investors can get a clear picture of the activities of those companies who are going to become owners of the Central Bank.
It is not always possible to prevent fraud on the part of the issuer, therefore it is very difficult for government agencies to prevent investors from being deceived. At the moment, there are three main functions by which it is possible to carry out legal regulation of securities on the Russian market.
The first function is the registration of analysts and brokers who are directly involved in trading the Central Bank, as well as providing advice.
The second function is to ensure publicity. The issuer planning to bring securities to the market agrees to publish reliable and complete information about its activities.
Legal regulation of the securities market in the third case - the rule of law in the securities market and its maintenance. To this end, regulatory authorities periodically arrange inspections of those companies that repeatedly commit violations while working in the securities market. In such cases, they may be excluded from cooperation with issuers and investors.
In our country, the main regulatory body working with organizations that work in the securities market is the Federal Commission. The priority function, which is the coordination of the organization’s activities and the development of its direction, the establishment of generally binding conditions for both participants in the transactions and the procedure for their implementation, as well as licensing the activities of companies engaged in transactions with the Central Bank.
Legal regulation of the securities market will not happen without one more important function - taxation of participants in the transaction. Due to this, it is possible to regulate market activity.
State regulation of the securities market in Russia is controlled by the Federal Central Bank Market Commission. It creates and controls the rules of conduct for issuing bonds or shares of various commercial institutions, and, of course, controls the activities of those who participate in the securities market on the trading floors of our country.
Another body involved in the control of the Central Bank’s turnover in the Russian Federation is the Federal Service that regulates financial markets, as well as ensuring the rights of those who hold securities. In addition, trading platforms involved in licensing organizations - brokers with the right to participate in trading, participate in market regulation. However, such a company may lose its right to make transactions in the Russian markets in cases where the rules for the placement, sale or purchase of securities are violated.
Today, most bidders of the Central Bank consider the current legislation, which carries out legal regulation of the securities market, imperfect, i.e. not meeting the realities of life. In their opinion, it requires thorough refinement. But, on the other hand, due to the tight control of various authorities, the Russian market has stabilized in recent years, as most investors are showing an increasing interest in securities.