Legal Regulation of Private Finance: Concept, State Policy, Regimes

In the article, the author addresses the conceptual issues of legal regulation of private finance, which are becoming relevant in connection with the development of the neoclassical direction of finance theory. Based on the provisions of the general theory of law, he reveals the concept of legal regulation of private finance, defining it as a normative modeling of legal relations (legal structures) in the sphere of private finance. The author sees in it four parts: the legal regulation of saving, settlement, financing, and investment in this sphere. Since the purpose of such regulation is to implement public policy, he explains the essence and manifestations of this policy. According to the author, it represents the main goals, priorities, tasks, and directions of development of the sphere of private finance formalized in official documents, as well as general approaches to their implementation. He notes that the legal regulation of private finance is not complete without various legal regimes. The author shows the essence of the legal regulation regime, and gives some examples of legal regimes in the sphere of private finance.