Exchange legislation

a set of legal norms that are in force in a given state and regulate the relations of exchange activities. In many countries of the world, B.z. in the last 20 years has noticeably increased, pushing the norms and rules of private law creativity of the exchanges themselves. Based on B.z. state officials are increasingly intervening in the affairs of the latter, based on national priorities. In the United States, for example, since 1973, the Commission on Commodity Futures Trading, whose members are appointed by the president and approved by the Congress of this country, has been regulating all operations on futures exchanges. on securities and investments. In France, this is done by the Commission on Commodity Futures Markets, and in Japan, by the ministries of finance, agriculture, foreign trade and industry.