About the Financial Market Council

About the Financial Market Council

The Financial Market Council was established on May 25, 2012 by the heads of self-regulating and professional non-profit associations participating in the Russian financial market with the goal of developing and enhancing the competitiveness of the Russian financial market.

The Financial Market Council comprises the heads of: The All-Russian Union of Insurers (VSS), The National Association of Microfinance Market Participants “NAUMIR” (The NAUMIR Association), The “National League of Trust Managers” Association of Trust Companies (The NLU Association), The “Non-profit Partnership for the Development of Financial Market RTS” Association of Financial Market Participants (NP RTS Association), The Professional Association of Registrars, Transfer-Agents, and Depositories (PARTAD), The National Association of Securities Market Participants (NAUFOR), The “National Stock Association” Self-regulating Association (SRO NFA), The Self-regulating Organization National Association of Non-Government Pension Funds (NAPF), The Non-profit Partnership of Bidders on Commodity Markets “Commodity Markets Council” (NP “Commodity Markets Council”), The Self-regulating Organization Association of Non-Government Pension Funds “Alliance of Pension Funds” (ANPF), and The Association of Forex Dealers (AFD).

The members of the Financial Market Council meet regularly to discuss and formulate proposals on the most important issues of the functioning of the industry and key state initiatives in the financial sector. The large number of members of professional associations and self-regulating organizations (SROs), comprising the market council, as well as the diversity of their professional specialization, allows for the ability to achieve a significant coverage of opinions and interests of Russian financial market participants.

The Council represents 8 SROs and 3 professional non-profit associations of financial market participants. The Financial Market Council comprises the heads of organizations and associations representing brokers, dealers, management and insurance companies, forex dealers, depositories and registrars, microfinance organizations, and non-government pension funds.

The mission of the council is to develop and improve the competitiveness of the Russian financial market.

The objectives of the Financial Market Council are:

  • to address matters relevant to the development of the Russian financial market;
  • to shape a consolidated position and opinion on the crucial issues of financial market development and, in particular, the development of the sector of non-banking financial organizations;
  • to coordinate activities of self-regulating organizations of the Russian financial market and other financial organization associations related to the development of the Russian financial market;
  • to formulate proposals to develop and improve the competitiveness of the Russian financial market and individual business areas of companies operating in the non-banking financial market.