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News of the Federal Legislation

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News of the Federal Legislation


The amendments are made to the Procedure of licensing of the types of professional activity on the security market
2007-09-05 08:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the Procedure of licensing of the types of professional activity on the security market

In accordance with the Order of the Federal Service of Securities Markets of Russia N 07-87/pz-n of August 9, 2007 (document is in Russian), a competitor for license has the right to give documents to one of self-regulating institutions for receiving of appeal of self-regulating institution on issue of license. At availability of such appeal, documents may be directed to licensing body of issuing the appeal self-regulating institution. Besides, availability of such appeal reduces in two times (from 30 till 15 days) the term of consideration of documents and making decisions on issue of license or on refusal in it issue by licensing body.


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