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- W3204669161 abstract "The relevance of the study is because the current Russian legislation regulating the legal status of entities that regulate investment relations and professionally provide services in this market contains some contradictions. The purpose of the chapter is to identify these contradictions and substantiate proposals and recommendations for their elimination. Based on statistical observation and analysis of judicial practice, the author examines the licensing requirements for professional participants in the securities market and the current state of organizations engaged in brokerage, dealer, and depository activities. There is an increase in the licensing requirements for professional participants and a natural reduction in the number of organizations engaged in brokerage, dealer, and depository activities. The current legislation regulating the legal status of entities that regulate the stock market and provide intermediary services contains some contradictions. In particular, the information letters of the Bank of Russia, which are recommendatory, are not provided for by the federal legislation on the Bank of Russia, but non-compliance with the procedure contained in these letters is the basis for revoking licenses for professional activities of securities market participants. The study confirmed that the conclusion of contracts between professional participants of the investment market and their clients is carried out mainly in electronic form. The analysis revealed that the infrastructure of the Russian stock market is being improved in the direction of expanded use of digital technologies and acceleration of legally significant actions related to the transfer of ownership rights to securities. It is proved that during the transition from an administrative economy to a market economy, the state set the task of maintaining control in the banking and financial spheres, but at the same time the task of taking measures to reduce state participation in market relations. By giving the Bank of Russia the authority to issue letters of recommendation, the state thereby solves this problem." @default.
- W3204669161 created "2021-10-11" @default.
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- W3204669161 date "2021-10-02" @default.
- W3204669161 modified "2023-09-24" @default.
- W3204669161 title "Digital Technologies of the Bank of Russia for Regulating Investment Relations" @default.
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- W3204669161 doi "https://doi.org/10.1007/978-981-16-4621-8_19" @default.
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