Russian Securities Law

Mon, 06 Jul 2026 00:00:00 +0000

Statutory Foundations

Russian securities law is anchored in Federal Law No. 39-FZ of 22 April 1996 “On the Securities Market” (the “Securities Market Law”), which constitutes the primary legislative framework for the issuance, circulation, and servicing of equity and debt securities. The law defines key concepts including “security” (tsennaya bumaga), “issue-grade security” (emissionnaya tsennaya bumaga), and “public offering.” Supplementary regulation derives from Federal Law No. 208-FZ of 26 December 1995 “On Joint-Stock Companies” (governing corporate governance and shareholder rights) and Federal Law No. 46-FZ of 5 March 1999 “On the Protection of Rights and Lawful Interests of Investors in the Securities Market.”

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Russian Securities Law

Statutory Foundations