Market participants, regulators and researchers often use the combination of words “balanced” and “regulatory framework” in their particular researches or publicly expressed views when explaining how certain area of interest should be improved, e.g. what should be the balanced regulatory framework of new financial products launched in the market or how bank regulation could be more balanced. In these cases detailed suggestions are proposed to certain problems. However, research and generally public discussion lacks more high level discussion of the concept of “balanced regulatory framework”. In the financial market in 2013 Basel Committee on Banking Supervision launched the discussion paper proposing some basic structural elements of this concept for banking regulation. However, no public discussion has followed. The paper addresses this research gap providing most often mentioned features of the balanced state regulatory framework in the literature. Authors have focused their research on the financial market as it is one of the most regulated areas in economics. Currently authors are researching what could be the features of the balanced state regulatory framework in the financial market. During the coding process eight categories have revealed: “unified+”, “unified- “, “flexible”, “effective”, “proper degree of freedom”, “limiting risktaking incentives”, “simple” and “theoretically backed”. Results clearly show three dominating categories/ features of the balanced state regulatory framework in the financial market: “unified+”, “limiting risk-taking incentives” and “flexible”. Those features show both sides of the market: regulator’s interest in “limiting risk-taking incentives” and market player’s interest in “unified+” and “flexible”. Research methods used: literature analysis, descriptive statistics.