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An Overview of Changes in Legislation August 2011

January 2012 - Corporate & Commercial. Legal Developments by Andrey Gorodissky & Partners.

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Financial Markets

Decree of the RF Government on Certain Issues of State Regulation in the Sphere of Financial Market of the Russian Federation, dated August 29, 2011, No. 717, in pursuance of the Presidential Decree of 04.03.2011, No. 270, by which the Federal Service for Insurance Supervision was attached to the Federal Service for Financial Markets (“FSFM”), redistributes the functions between the RF Ministry of Finance and the FSFM. In particular, it approves the Regulations on the FSFM; amends certain acts of the RF Government, including the Regulations on the RF Ministry of Finance; and recognizes as stale certain acts of the RF Government.

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