Introduction of Netting into Russian Legislation – FSFM Regulations. In February 2011, netting legislation was adopted for the first time in Russia (entry into force August 2011). In April 2011, ISDA submitted a comment letter to Russian authorities in order to highlight a number of outstanding issues. The letter was addressed to the following: Mr Vladimir Milovidov, Head, Federal Service for Financial Markets in Russia, and Mr Vladislav Reznik, Chairman, Committee on Credit Organizations and Financial Markets, Russian Federation State Duma.