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Article

Правовые основы регулирования биржевых фондов (ETFs): российская и зарубежная практики

Бойко М. С.

Russian economy is in expectation of a new push for moving from stagnation stage to recovery one. The implementation of the exchange-traded funds segment on Moscow Exchange is one of actual directions for future development of Russian financial market. However, foreign origin of admitted ETFs are unlikely to support Russian financial market. Therefore, a gradual introduction of exchange-traded funds as performing and transparent financial instruments can be an important phenomenon for domestic financial market. Based on the problems mentioned above and possible ways to solve it, the most important task at this stage is to analyze the system of exchange-traded funds control in regions-leaders with successful example of operation in this segment of financial market. Any public activity with a commercial focus is the subject of regulation, supervision and monitoring by the relevant authorities of the state. This legal framework can create the conditions for successful functioning of financial institutions, or to suppress the new trend of the financial market. For creating enabling environment in Russia it is considered to be appropriate to conduct analysis of existing regulation of the exchange-traded markets on the global stage. This article provides American and European experience of regulation through the system of regulatory. Also it is presented current situation of Russian legislation in respect of exchange-traded funds. As a consequence there are conclusions about future path of upcoming changes in Russian financial market.