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The federal law regulates relations arising from the issue and circulation of equity securities regardless of the type of issuer, as well as the specifics of the creation and activities of professional participants in the securities market. Definitions of the main terms are given.

The following types of professional activity in the securities market are fixed: brokerage; dealership; for the management of securities; to determine mutual obligations (clearing); depository; on maintaining the register of owners of securities; on the organization of trading on the securities market. Carrying out activity on keeping the register does not allow its combination with other types of professional activity in the securities market. Other restrictions on combination are established by the Federal Commission for the Securities Market. The issues of the stock exchange activity are considered.

An independent Section of the Law is devoted to equity securities. It fixes: the main provisions (forms of issuance of such securities, decision-making on the issue, etc.), the procedure for the issue and its stages, provisions on the circulation of equity securities. The concept of unfair issue is consolidated - actions that are expressed in violation of the issue procedure, which are grounds for refusing to register an issue of emissive securities or declaring it invalid, as well as for suspending the issue of securities.

The issues of information support are regulated: disclosure of information about securities, the use of official information and advertising on the securities market.

State regulation of the securities market is carried out by: establishing mandatory requirements for the activities of issuers, professional participants in the securities market and its standards; registration of the issue of equity securities and issue prospectuses and control over compliance by the issuers with the conditions and obligations stipulated in them; and etc.

The federal executive body for the implementation of state policy in the field of the securities market, control over the activities of professional participants in the securities market through determining the procedure for their activities and determining the standards for issuing securities is the Federal Commission for the Securities Market. Its composition, functions, powers are determined.

Civil, administrative and criminal liability is stipulated for violations of the legislation on securities.