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The Subsequent FAS Notification Requirement Under the Competition Law Has Been Abolished

On 28 December 2013 the President signed Federal Law No. 423-FZ, amending Federal Law No. 135-FZ "On the Protection of Competition" dated 26 July 2006. The amendment will enter into force on 30 January 2014.

The amendment abolished Article 30 of the Competition Law, which specified the requirements for the subsequent notification to the Federal Antimonopoly Service of the transactions (actions) of commercial and financial organizations listed in Articles 27-29 of the Competition Law (which list includes actions relating to company establishment and reorganization, transactions with shares (participatory interest) and assets of and controlling rights with respect to such organizations).

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