Act Equating Binary Options And Gambling In The Russian Federation, Adopted In The Third Reading

The state duma adopted a federal law, involving changes in legislation, regulating the securities market. The innovation will allow to cancel the work permits of operators providing unauthorized services related to azart.

The essence of innovations is to not give unscrupulous market participants to mask activities related to gambling, under operations with securities. Legislative initiative belongs to the government.

The bill was introduced to the state duma on july 3 last year. Over the next year and a half, he passed a preliminary consideration on which he was redirected to a responsible committee – by financial market, – and three more readings.

In the process of consideration during the first and second reading, amendments proposed by parliamentarians were amended than and substantiates the delay of the process of adopting the regulatory norm.

The law will take effect on the expiration of 90 days from the date of official publication – publications.

What exactly banned legislators?

In essence, complex processes described by an even more complex legal language in law are reduced to phrase «binary option». Binary option – one of the activities covered on stock exchanges. His essence is to make a profit, predicted to the movement of certain assets. As the latter, currency rates or the movement of the value of shares of large companies are most often. Each individual state independently determines the status of binary options, for example, in canada and israel they are prohibited.

The adoption of the law means that in the russian federation, binary options were equated with gaming games, respectively, can be carried out only in gambling zones. If this condition is not performed – the violator turns out to be in the face of the law. In addition, if such activities were carried out by a lottery operator or a bookmaker licensed in the state, permission will be canceled by the court decision.

We note that noveloyards do not apply to contracts concluded in organized trading, as well as to the contracts concluded by forex dealer.

Recall that similar norms can be introduced into the legislation of kyrgyzstan.