Sergey Puzyrevskiy: transition to a risk-oriented approach will ensure development of antimonopoly compliance

FAS drafted a document on abolishing scheduled inspections if a company has antimonopoly compliance

From 2018 all scheduled inspections will be organized only on the basis of risk-oriented approach. Companies will be included in the FAS inspection plan only on specific criteria.

“We formulated such criteria, they are rather strict”, reported Deputy Head of FAS Sergey Puzyrevskiy at a Conference on the “Prospects of developing antimonopoly compliance in Russia”, organized by “Vedomosti” newspaper. “Retail chains and natural monopolies with the proceeds exceeding 10 billion RUB fall under the medium-risk category. For them FAS will carry out scheduled inspections every three years”.

“As for the companies operating on the socially important markets with over 10 billion RUB proceeds, scheduled inspections will be carried out every five years”, added Sergey Puzyrevskiy.

“There is also a particular “lift” designed to decrease the risk category. If a company has not violated the antimonopoly law for three years and has implemented compliance. If these two conditions are met, the risk category for the companies is reduced from medium to moderate”, continued Deputy Head of FAS.

Head of FAS Legal Department, Artem Molchanov continued discussing antimonopoly compliance. He said that the laws of Germany, France and Kazakhstan already formalized this institution.

Artem Molchanov reported to the Conference that the Russian Federation is currently reforming control-and-supervision sector.  He concluded: “FAS is its active participant. Adopting antimonopoly compliance will reduce administrative burden upon business and increase the quality of executing control-and-supervision functions”.