The Federal Financial Markets Service (FFMS, FSFR) (russian: Федеральная служба по финансовым рынкам, ФСФР) was a Russian federal executive body which
regulated Russian financial markets and operated from 2004 until it was disbanded in 2013. Its functions were taken over by the
Central Bank of Russia
The Central Bank of the Russian Federation (CBR; ), doing business as the Bank of Russia (russian: Банк России}), is the central bank of the Russian Federation. The bank was established on July 13, 1990. The predecessor of the bank can ...
.
The agency covered securities issuance, trading, supervision of exchanges, issuers, professional market participants and their Self-Regulatory Organisations; the ''Russian Federation Pension Fund''; the State management company. A major social role of FFMS was to promote public understanding of securities laws and their practical application.
History
The FFMS was established by President
Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime min ...
's Decree No. 314 dated 9 March 2004 "On the System and Structure of Federal Executive Branch Agencies". FFMS received the functions of the former Federal Fund Market Commission of Russia (Федеральная комиссия по рынку ценных бумаг), as well as some responsibilities of the former ''Ministry of Labour and Social Development of Russia'' and former ''Ministry of Antitrust Policy of Russia'' as well as the
Russian Ministry of Finance.
On September 1, 2013, the service was abolished and its functions transferred to the
Central Bank of Russia
The Central Bank of the Russian Federation (CBR; ), doing business as the Bank of Russia (russian: Банк России}), is the central bank of the Russian Federation. The bank was established on July 13, 1990. The predecessor of the bank can ...
in accordance with the Presidential Decree number 645 25.7.2013.
From March 23, 2004, to May 10, 2007,
Oleg Vyugin was the Head of the FFMS. His four deputies was: Vladislav Streltsov, Sergei Kharlamov, Bembya Khulkhachiev and Vladimir Gusakov. He was followed by Vladimir Milovidov from May 10, 2007. He was followed by Dmitry Pankin from 2011.
Structure
Headquartered in
Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 millio ...
, the FFMS was a part of the
Russian Government. The FFMS had 13 regional authorities:
[Федеральная служба по финансовым рынкам, ''Территориальные органы ФСФР России'']
(The Federal Service for Financial Markets, ''Territorial authorities FFMS of Russia''). in
St. Petersburg
Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...
,
Ekaterinburg,
Novosibirsk,
Nizhny Novgorod
Nizhny Novgorod ( ; rus, links=no, Нижний Новгород, a=Ru-Nizhny Novgorod.ogg, p=ˈnʲiʐnʲɪj ˈnovɡərət ), colloquially shortened to Nizhny, from the 13th to the 17th century Novgorod of the Lower Land, formerly known as Gork ...
,
Rostov
Rostov ( rus, Росто́в, p=rɐˈstof) is a town in Yaroslavl Oblast, Russia, one of the oldest in the country and a tourist center of the Golden Ring. It is located on the shores of Lake Nero, northeast of Moscow. Population:
While ...
,
Vladivostok
Vladivostok ( rus, Владивосто́к, a=Владивосток.ogg, p=vɫədʲɪvɐˈstok) is the largest city and the administrative center of Primorsky Krai, Russia. The city is located around the Golden Horn Bay on the Sea of Japan, c ...
,
Krasnoyarsk
Krasnoyarsk ( ; rus, Красноя́рск, a=Ru-Красноярск2.ogg, p=krəsnɐˈjarsk) (in semantic translation - Red Ravine City) is the largest city and administrative center of Krasnoyarsk Krai, Russia. It is situated along the Yeni ...
,
Oryol,
Omsk,
Samara, Chelyabinsk, Saratov and Irkutsk.
There were thirteen departments and three independent divisions within the FFMS:
[Федеральная служба по финансовым рынкам, ''Структура ФСФР России'']
(The Federal Service for Financial Markets, ''The structure of the Russian Federal Financial Markets Service'').
#Regulation and control over the collective investment department.
[
#Regulation of financial market participants department.][
#Securities department.][
#Surveillance activities in the securities market department.][
#Financial market regulation department.][
#Information and monitoring of the financial market department.][
#Preliminary control of the insurance market department.][
#Economic analysis and control of the reliability of reporting by insurance companies department.][
#Insurance supervision and monitoring of solvency-restoration procedures department.][
#Legal department.][
#Administration and archives department.][
#Economics, finance and accounting department.][
#Information technology and economic support department.][
]
References
External links
*
(in Russian)
{{authority control
Financial regulatory authorities, Russia
Government agencies of Russia
2004 establishments in Russia
Defunct government agencies of Russia
Regulation in Russia