Sergey Puzyrevsky: Russia moves to a risk-oriented approach from 2018

FAS may abandon scheduled inspections if companies adopt antimonopoly compliance

By the end of 2017 FAS shall draft and approve its inspection plan based on particular criteria. “From 2018 all scheduled inspections will be based only on the risk-oriented approach”, said Deputy Head of FAS Sergey Puzyrevsky at a conference organized by the “Kommersant” newspaper. “We have determined the parameters that are broken down into several risk groups. Retail groups and natural monopolies with the revenue exceeding 10 millions RUB are in the middle-risk group. For them, FAS scheduled inspections will take place once in three years”.

“For companies operating on the socially important markets and having proceeds over 10 millions RUB, scheduled inspections will be conducted every five years”, continued Deputy Head of FAS.

Sergey Puzyrevsky discussed the draft law that has a definition of antimonopoly compliance.  He pointed out that the draft law underlines the voluntary principle, i.e., companies decide independently whether to implement the compliance system. “The result of implementing the system of antimonopoly compliance is a positive legal consequence – reduction of administrative burden”, concluded Deputy Head of FAS.