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FFMS clears markets from “fly-by-night” companies

Publication date: 9 April 2010

The Federal Financial Markets Services toughens licensing requirements for professional market participants. Those should come in effect in July – informed the body’s chairman Vladimir Milovidov.

Chief of the Federal Financial Markets Services (FFMS) Vladimir Milovidov informed that they were increasing licensing requirements in order to clear markets from “fly-by-night” companies.