The Federal Law "On Protection of Competition" has undergone changes that tighten the rules of antimonopoly control for large entities in the financial market. The innovations concern transactions between large financial organizations and small market participants aimed at merging, acquiring or purchasing assets.
According to the amendments, the approval of transactions with the FAS will be required even if the assets of the acquired company are insignificant. If the value of the assets of the buyer (a large financial organization) exceeds the threshold established by the Government of the Russian Federation, it is obliged to obtain preliminary consent from the FAS regardless of the size of the assets of the transaction object.
In addition, the procedure for considering cases of violations of antimonopoly legislation has been clarified. This is done to increase the transparency and efficiency of the control process.
The corresponding changes in the legislation will come into force on September 1, 2025 and are aimed at ensuring additional measures of control and transparency in the financial sector.
Law firm "Nadmitov, Ivanov and Partners" advises on antitrust legislation and financial transactions.
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