FFMS's Legal Initiatives

· Central Depositary Strengthening the Russian Market’s Competitiveness · Passage of Legislation on Derivative Financial Instruments to Help Russian Market Draw Closer to International Level · Development of Exchange Trade Regulation to Improve Quality of Russian Stock Market · Law “On Inside Information and Market Manipulation” To Raise Confidence in Russia’s Financial Market · Clear Regulation of Corporate Mergers as Step Toward More Civilized Stock Market and Better Investment Climate · Passage of Legislation on Securitization to Create New Possibilities for Financial Market Participants