Federal Law No. 46-FZ of 1999 on Protection of Investors Rights and Lawful Interests on the Securities Market

Russia

(enacted in 1999)

Federal Law No. 46-FZ on Protection of Investors Rights and Lawful Interests on the Securities Market protects the rights and lawful interests of individuals and entities subject to investment (investors) in Russia. It also establishes forms of procedures for compensation investors, to compensate for the illegal actions of  issuers and other participants in the securities market.

This law consists of the following articles:

  • Article 1 The objectives of this Federal Law;
  • Article 2 The scope of the Federal Law;
  • Article 3 Legislation of the Russian Federation for the Protection of the rights and lawful interests of investors in the securities market;
  • Article 4 Restrictions on the securities market in order to protect the rights and lawful interests of investors;
  • Article 5 Limitations associated with the issuance and circulation of securities;
  • Article 6 Providing information to the investor in connection with the circulation of securities;
  • Article 7 Time for consideration of complaints and investors by the federal executive body for the securities market and other federal executive bodies, regulating the securities market;
  • Article 8 Informing the investors by the federal executive body for the securities market;
  • Article 9 Informing the investors about the issue of equity securities and the licensing of professional securities market;
  • Article 10 Conducting federal executive bodies of public hearings on the enforcement and improvement of legislation of the Russian Federation on securities;
  • Article 11 The requirements of the federal executive body for the securities market;
  • Article 12 Superceded;
  • Article 13 Superceded;
  • Article 14 Protecting the rights and lawful interests of investors by the federal executive body for the securities market in the courts;
  • Article 15 Protecting the rights and lawful interests of investors, self-regulatory organizations;
  • Article 16 Order of self-regulatory organization complaints and investors;
  • Article 17 Compensatory and other funds self-regulatory organizations;
  • Article 18 Protecting the rights and lawful interests of investors – individuals of their social associations;
  • Article 19 Compensation scheme for investors – individuals; and
  • Article 20 The order of entry into force of this Federal Law.

DISCLAIMER: Due to the fact that an English translation was unavailable for this law, information for this summary has been taken from secondary sources and not from review of the actual legal text.