Amendments to the antitrust compliance system in organizations entered into force
Today, as of the 12th of March, the amendments to the 'antitrust compliance' bill came into force under Federal Law of the 1st of March, 2020 No. 33-FL.
The Federal Law of the 26th of July, 2006, No. 135-FL 'On Protection of Competition' now stipulates that an economic entity, in order to comply with antimonopoly legislation and prevent its violation, has the right to organize an internal system to ensure compliance with antitrust laws.
To organize such a system, an economic entity adopts an internal act (internal acts) and (or) applies other internal acts, including another person from among persons belonging to the same group of persons, if such internal acts apply to this economic entity.
These internal acts (their projects) can be sent to the FAS Russia to verify their compliance with the requirements of antitrust laws. The agency must within 30 days, consider the submitted documents and give an opinion on their compliance or non-compliance with the requirements of antitrust laws.