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GAAP.RUNewsFFMS to force market participants to disclose their real owners

FFMS to force market participants to disclose their real owners

just like bankers do

Publication date: 5 February 2010

The Federal Financial Markets Service (FFMS) of Russia plans to oblige professional market participants to disclose their real (that is, final) owners to public (in fact, they already do since last year, but only privately – to the regulator itself).

The Federal Financial Markets Service (FFMS) of Russia plans to oblige professional market participants to disclose their real owner to public like the Bank of Russia (CB) does, so it becomes possible to discuss the “megaregulator” idea more seriously.