For SROs in the financial markets prescribed penalties

the Federation Council has approved a law imposing administrative fines for self-regulating organizations in the sphere of financial market in violation of Federal laws or normative acts of the Central Bank, the correspondent “of Rosbalt”.

According to the amendments, for violation of the procedure of control of activities of its members and the application of measures of liability against members of the SRO shall be fined from 10 thousand to 50 thousand rubles for officials and from 50 thousand to 200 thousand rubles for legal entities.

the Failure or breach of procedure or terms of submission to the Central Bank the information on change of address, email address, numbers of contact phones and addresses official website on the Internet, as well as changes in the constituent documents or the documents governing the activity of specialized bodies, will result in a fine of up to 50 thousand rubles.

Also introduced fines for violation of obligations on disclosure of information on the Internet.

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