EXCHANGE BONDS: A NEW STAGE OF DEVELOPMENT OF LEGISLATIONS ON A SECURITIES MARKET

The article analyses the legal determination of stock exchange bond. The distinguishing features, revealed as the signs of stock exchange bond, are correlated with the signs of securities, traditionally isolated in the juridical literature. Despite the fact that this form of bonds is completely new for the domestic market of securities, their self-contained market, which has already passed the specific stages of development, is being created; the author distinguishes three appropriate stages. The state is ready to stimulate the market of stock exchange bonds, which is certified by the provisions of the Strategy of development of the financial market of the Russian Federation for the period until 2020, within the framework of which it is intended to decrease administrative barriers and to simplify procedures of the state registration of the releases of securities.

stock exchange bond, securities, stock exchange, the open subscription, identification number, state registration, bond, emission of bonds, market of stock exchange bonds, nominal cost