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Banking

Russia

After a long road to adoption, the Law on the National Payment System focuses on the regulation of e-money and payment systems, as well as dealing with issues related to money transfers. Among other issues, it addresses the global nature of payment operations and seeks to localise certain payment system functions.

Capital Markets

Russia

After a prolonged and controversial debate, Russia has finally adopted new legislation on market manipulation and insider trading. Legislation was required in order to ensure the recognition of Russian securities regulators by foreign regulators, and thus to enable the trading of Russian securities in foreign markets.