May 13. The Federal Securities Service (FSS) intends, first and foremost, to propose a draft law to optimize derivatives taxation to develop the financial market, head of FSS Vladimir Milovidov said. Earlier new PM Vladimir Putin said that development of the domestic financial market is among the government's top priority tasks. "As early as this year we will come out with a number of initiatives that stem from Putin's speech, primarily on derivatives taxation", Milovidov said.