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