Financial Supervisory Authority will assume its duties as of the beginning of July 2009. It will be responsible for the supervision of non-banking financial markets and instruments, including capital market, contracts exchange, and all activities related to insurance services, mortgage finance, financial leasing as well as other related activities such as factoring and securitization. This is according to law no. 10 of 2009 that governs the supervision of non-banking financial markets and instruments. Financial Supervisory Authority will replace the Capital Market Authority starting from July 2009.