Development of security papers legal regimes in the system of financial instruments

This article considers the key features of the formation of security papers legal regimes in the Russian civil legislation against the background of general trends in the legal regulation of financial instruments market relations. The problems of indeterminacy in legislators approaches to the specific classification of security papers, taking into account their forms and specific varieties, are revealed. The contradictions in the legal meaning of the concepts of transfer inscription, name transfer inscription and endorsement are discovered. The problematic nature of bills legal regime extension to the general specific class of order securities is noted. The discrepancy between the normative classification of checks and their legal nature is uncovered. The main directions of security papers civil law regimes development in the aspect of legal regulation of the financial instruments turnover in general are determined, which does not exclude the revision of general approaches to understanding the system of the civil rights objects.