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Prime-Tass, September 26, 2003

Derivatives Bill

MOSCOW (Prime-Tass) -- A bill on financial derivatives is expected to be submitted to the State Duma for consideration in October, Igor Artemyev, deputy chairman of the Duma's credit organizations and financial markets committee, told reporters Thursday.

"We want the bill to be passed in all three readings by spring 2004," Artemyev said.

Viktor Pleskachevsky, property committee chairman and co-author of the bill, said the first version of the bill was drafted in November and partially approved by the government in March. The bill sets out the legal basis for the regulation of financial derivatives on the stock market.

 

See also:

Banking and Finance

Prime-Tass, September 26, 2003

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