Compensation (Guarantee) Funds as an Object of Financial-Legal Regulation

The system of financial law, as one of its major sections, includes decentralized funds (legal regulation of financial relations associated with the formation, distribution and use of funds of a decentralized nature). In today's socioeconomic development, the number of such funds is increasing, and, accordingly, the quality of the Russian Federation's financial system is changing. Undoubtedly, as a consequence of these processes, the financial legal system and its individual institutions are being transformed. Compensation (guarantee) funds represent a special type of decentralized finance, the name of which makes their auxiliary nature clear. The paper presents a summary of the characteristics and comparative analysis of the following funds: the fund for financing the activities of the financial ombudsman, the compensation fund of the Federal Notary Chamber, and the compensation fund for reimbursement of the value of property recorded in individual investment accounts.

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