National Association of Securities Market Participants

The National Association of Securities Market Participants (Russian: Национальная ассоциация участников фондового рынка, abbreviated НАУФОР), commonly known as NAUFOR, is a self-regulatory organization (SRO) in the Russian financial market that functions as an industry association and quasi-regulator for professional participants in Russia's securities markets. == Overview == NAUFOR is a non-profit, industry-wide self-regulatory association that unites brokers, dealers, asset managers, investment advisors, custodian banks, registrars, investment fund management companies, specialized depositories, and other licensed professional participants in Russia's securities ecosystem.

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