Financial counseling, according to the bill, is allocated in a separate activity, which can realize only those who have appropriate licenses, permits, accreditation, or is included in the register or members of the relevant SRO.
MOSCOW, 13 Nov. A group of senators submitted to the state Duma the bill which provides for the regulation of financial advisers, according to the database of the lower house of Parliament.
As a form of regulation of financial advisers the bill provides for “self-regulation through compulsory membership in self-regulatory organization (SRO) this type of activity”, explain the designers of the document.
Financial advising is highlighted in a separate activity, which can realize only those who have appropriate licenses, permits, accreditation, or is included in the register or members of the relevant SRO. As a financial consultant the financial consulting agreements may enter into commercial organizations or individual entrepreneurs.
