TITLE

The role of self-regulatory organisations (SROs)in developing effective securities markets in Commonwealth of Independent States (CIS)countries

AUTHOR(S)
Aliev, Manon; Surmilo, Dmitry
PUB. DATE
December 2002
SOURCE
Journal of International Banking Regulation;Dec2002, Vol. 4 Issue 2, p162
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Securities market development in the Commonwealth of Independent States (CIS) countries has shown that the successful regulation of diverse and sophisticated relationships between market participants cannot be effective without the timely formation of flexible mechanisms for controlling and regulating the participants' activities at all levels of the stock market industry. Because of its reactive nature, the securities market cannot be regulated via traditional methods, for example the banking system. As a result, it is necessary to use different approaches to creating effective regulatory mechanisms. One method is the use of self-regulation. Self- regulatory organisations (SROs) are created by professional securities market participants with the aim of developing and controlling professional ethics standards, protecting the interests of the shareholders and other participants in the stock market industry, establishing rules and standards on dealing securities, maintaining the balance of interests among securities market participants, and ensuring a stable level of trust and interest between investors and issuers.
ACCESSION #
8509206

 

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