In its place may come the other "mega". Today on the official website of the Ministry of Finance of Russia has published a draft presidential decree, involving the abolition of the Federal Financial Markets Service (FFMS). Instead, it will be established a new agency - the Federal Financial Services, to the powers which also depart functions of the Federal Service for Insurance Supervision. Convert the Federal Service of Insurance Supervision in the Federal financial service, transferring the functions of the abolished Federal Service for Financial Markets for the Control and Supervision of financial markets (except banking and auditing) "- quoted a document from RIA Novosti. Acting head of the Federal Financial Markets Service Vladimir Milovidov chance to see the document but does not give him a special significance, considering the more important the adoption of laws on clearing, prudential supervision and enforcement of the law on insider. In the case of a positive decision to eliminate his department, the structure will obey him. This process, according to officials, will be "flexible movement toward the creation of mega-regulator", - transmits his words "Lenta.ru. Draft presidential decree promulgated for discussion in order to develop proposals. Discussion on this matter will last till December 25.
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