Innovations in the securities market

Aleksandrova Anna Y.

In the article, the author considers changes in the legislation on the securities market, which are aimed at simplifying the procedure for issuing securities and reducing the time for its implementation. The article also analyzes the previously existing provisions of the Federal Law “On the Securities Market” dated 04.22.1996 No. 39-ФЗ in comparison with the innovations regulating the procedure for issuing securities, as well as discusses amendments to the procedure for registering joint-stock companies and the account of an escrow agent, cites conclusions about the impact of legislative changes on the legal status and status of securities market participants. It is noted that the analyzed amendments presuppose the creation of a legal framework and the regulation of various mechanisms in order to develop the securities market, the creation of a more flexible approach to the issue procedure, and are also generally aimed at increasing the efficiency of the securities market participants. In general, amendments to the legislation are aimed at simplifying and shortening the terms for issuing debt securities and other equity securities, creating more flexible requirements for issuers to disclose information, removing unnecessary administrative barriers to issuing securities, which will facilitate the gradual transfer of ownership certificates for issuing securities from a documentary form to uncertificated.

Keywords:state registration, preferred shares, perpetual bonds, securities prospectus, establishment of a joint stock company, securities market, issue