The securities market and modern settlements are unthinkable without transactions with derivative financial instruments and settlements based on the difference in prices for underlying assets. The effectiveness of legal regulation is determined by the adequacy of the legal instruments to developing market relations, the interests and needs of its participants. Both Russian and foreign legislation leave many pressing issues without detailed regulation. One of the controversial issues is the legal regime of a structured note in relation to the legislation on objects of civil rights and securities. The authors of the article focused on the analysis of the legal nature of the structured note in order to correctly qualify the legal relations arising in connection with its use in circulation.
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