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

in accordance with the Presidential Decree number 645 25.7.2013. From March 23, 2004, to May 10, 2007,

Oleg Vyugin Oleg Vyacheslavovich Vyugin (''Russian:'' Вьюгин Олег Вячеславович, born July 29, 1952) is a Russian economist and Professor at the National Research University Higher School of Economics. He was formerly the head of the Russi ...

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 million ...

, the FFMS was a part of the

Russian Government The Government of Russia exercises executive power in the Russian Federation. The members of the government are the prime minister, the deputy prime ministers, and the federal ministers. It has its legal basis in the Constitution of the Russia ...

. 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 Yekaterinburg ( ; rus, Екатеринбург, p=jɪkətʲɪrʲɪnˈburk), alternatively romanized as Ekaterinburg and formerly known as Sverdlovsk ( rus, Свердло́вск, , svʲɪrˈdlofsk, 1924–1991), is a city and the administrat ...

Novosibirsk Novosibirsk (, also ; rus, Новосиби́рск, p=nəvəsʲɪˈbʲirsk, a=ru-Новосибирск.ogg) is the largest city and administrative centre of Novosibirsk Oblast and Siberian Federal District in Russia. As of the Russian Census ...

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 t ...

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 Zolotoy Rog, Golden Horn Bay on the Sea ...

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 Oryol ( rus, Орёл, p=ɐˈrʲɵl, lit. ''eagle''), also transliterated as Orel or Oriol, is a city and the administrative center of Oryol Oblast situated on the Oka River, approximately south-southwest of Moscow. It is part of the Central Fed ...

Omsk Omsk (; rus, Омск, p=omsk) is the administrative center and largest city of Omsk Oblast, Russia. It is situated in southwestern Siberia, and has a population of over 1.1 million. Omsk is the third largest city in Siberia after Novosibirsk ...

Samara Samara ( rus, Сама́ра, p=sɐˈmarə), known from 1935 to 1991 as Kuybyshev (; ), is the largest city and administrative centre of Samara Oblast. The city is located at the confluence of the Volga and the Samara (Volga), Samara rivers, with ...

Chelyabinsk Chelyabinsk ( rus, Челя́бинск, p=tɕɪˈlʲæbʲɪnsk, a=Ru-Chelyabinsk.ogg; ba, Силәбе, ''Siläbe'') is the administrative center and largest city of Chelyabinsk Oblast, Russia. It is the seventh-largest city in Russia, with a ...

Saratov Saratov (, ; rus, Сара́тов, a=Ru-Saratov.ogg, p=sɐˈratəf) is the largest city and administrative center of Saratov Oblast, Russia, and a major port on the Volga River upstream (north) of Volgograd. Saratov had a population of 901,36 ...

and

Irkutsk Irkutsk ( ; rus, Иркутск, p=ɪrˈkutsk; Buryat language, Buryat and mn, Эрхүү, ''Erhüü'', ) is the largest city and administrative center of Irkutsk Oblast, Russia. With a population of 617,473 as of the 2010 Census, Irkutsk is ...

. 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

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(in Russian) {{authority control

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