04 March 2010
Control of Insider
Trading Activities and Manipulation of Market
published article by Law Synergy Managing Partner Andrey Savin
dedicated to insider trading activities and manipulation of
market at Russia.
On October 30, 2009, Federal Law of the
Russian Federation No. 241-FZ "On Making Amendments to the
Criminal Code of the Russian Federation and Article 151 of the
Criminal Procedural Code of the Russian Federation" was enacted.
The Federal Law is aimed as strengthening the protection of
investors in the securities market. The State Duma approved the
first reading of the draft law "On Counteracting Unlawful Use of
Insider Information and Manipulation of the Market" on April 17,
2009. The draft law aims to establish comprehensive regulation
of the use of insider information and market manipulation in
“organized markets” – meaning any forum in which trades are
performed using an exchange or other licensed trading platform.
The laws also serve as a major building block for Government
initiatives to establish Russia as an international financial
centre and define the new role for the country in the
post-crisis international financial architecture.
Market" web-site (preamble of
lawsynergy.ru (full text