This publication presents the full text and article-by-article commentary to the Federal Law of February 7, 2011 No. 7-FZ “On Clearing and Clearing Activities”, the appearance of which was another important step towards the creation of an international financial center in Russia. The book systematizes and explains the main provisions of the Law “On Clearing and Clearing Activities” that regulate relations related to the implementation of clearing activities on organized markets. When preparing the commentary, the authors sought to show what the meaning of this or that norm is, how to understand the meaning of the concepts used in the norm, what regulations should be applied in the process of implementing the commented legislative act. The publication is addressed to a wide range of readers, including representatives of executive authorities of various levels, the Bank of Russia, participants in organized financial and commodity markets, as well as teachers, students and graduate students of law and economic universities studying courses in “Civil Law”, “Securities Market”, “Exchange Business”, etc.