SPECIALISED FINANCIAL COMPANIES AS AN INSTRUMENT OF ASSET SECURITISATION

Abstract

The relevance of the topic is due to the increasing influence of Specialized Financial Companies in connection with the constant development of the investment market and the increasing need of society in innovative products, taking into account the lack of research in the Russian science and expert community. It should also be noted that Specialized Financial Societies are becoming an increasingly interesting instrument both abroad and in Russian corporate law, especially in view of the forthcoming “tax reform” in 2025. The purpose of the study is to summarize the opinions of the expert-scientific community and dive into the legislation and law enforcement practice of foreign jurisdictions in order to identify positive aspects of regulation, gaps in the current Russian legislation and problems in legal regulation. Materials and methods. The research was based on the following methods: factual method, in the form of analysis of the current legislation of Russia; comparative-legal method, allowing to evaluate the institution of Specialised Financial Companies from the point of view of approaches applied in various foreign jurisdictions; method of analysis and generalisation of materials in official Internet resources. The result of the study is the identification of shortcomings in legal regulation, systematization of distinctive features of Specialized Financial Companies, identification of their advantages over other corporations, analysis of examples of the use of Specialized Financial Companies (SPV) in foreign countries, determination of their role and functions in the economy.

Keywords

• specialized companies
• specialized financial companies
• legal regulation
• economy
• securitization
• assets
• bonds