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GAAP.RUNewsRussia’s FFMS may join IOSCO

Russia’s FFMS may join IOSCO

with approval of the law on insider trading

Publication date: 13 May 2010

Yesterday chairman of the Federal Financial Markets Service (FFMS) Vladimir Milovidov met with Greg Tanzer, Secretary General of the International Organization of Securities Commissions (IOSCO) to discuss perspectives of Russia joining the international society of securities regulators. To make that possible, Russia first has to approve the law on insider trading which (among other things) should provide the FFMS with access to bank secrecy.

Yesterday chairman of the Federal Financial Markets Service (FFMS) Vladimir Milovidov met with Greg Tanzer, Secretary General of the International Organization of Securities Commissions (IOSCO) to discuss perspectives of Russia joining the Memorandum of Understanding (MoU) - to make that possible, Russia first has to approve the law on insider trading which (among other things) should provide the FFMS with access to bank secrecy.