On topological properties of the formal power series substitution group

Certain topological properties of the group $\J(\k)$ of all formal one-variable power series with coefficients in a topological unitary ring $\k$ are considered. We show, in particular, that in the case when $\k=\Q$ the group $\J(\Q)$ has no continuous bijections into a locally compact group. In the case when $\k=\Z$ supplied with discrete topology, in spite of the fact that the group $\J(\Z)$ has continuous bijections into compact groups, it cannot be embedded into a locally compact group. In the final part of the paper the compression property for topological groups is considered. We establish the compressibility of $\J(\Z)$.