Decree No. 1489 of the President of the Russian Federation "About the Presidential Council of the Russian Federation on the development of the financial market of the Russian Federation"
It is formed a Presidential Council of the Russian Federation on the development of the financial market of the Russian Federation. The state commission on the protection of investors’ rights in the financial and stock markets of Russia is abolished. Tasks, rights, composition and Council structure, and session procedures are defined. The Council is an advisory body, which: considers the questions connected with the development and the stability of the financial market, estimates the efficiency of measures accepted in this area; prepares suggestions for the President of the Russian Federation on the protection of the rights of investors and on the prevention of crises in the financial market; by instruction of the President of the Russian Federation carry out examination of draft legislation concerning the financial market; annually presents the President of the Russian Federation with a report on the condition and development of the financial market. Earlier, the aforementioned Commission developed regulatory legal act drafts on the protection of the rights of investors. The chairman of the council is the First deputy of the Chairman of the Government of the Russian Federation. The decree comes into force from the day of its signing.