Senators of the Federation Council will prohibit organizations not supervised by the Central Bank from collecting funds from individuals

MOSCOW, September 26 – RIA Novosti. Senators submitted a bill to the State Duma, according to which organizations that are not supervised by the Bank of Russia, whose activities are not regulated by law, are prohibited from withdrawing funds from individuals as investments; The penalty can be up to one million rubles.

Amendments are being made to the law “On consumer cooperation (consumer communities, associations) in the Russian Federation” and the law “On the protection of the rights and legitimate interests of investors in the securities market”. The legislative initiative was prepared by senators Nikolai Zhuravlev, Anatoly Artamonov, Mukharbiy Ulbashev, Konstantin Dolgov, Alexander Shendeyuk-Zhidkov, Artem Sheikin, as well as deputies of the State Duma.

“At the legislative level, we propose to introduce a ban on the withdrawal of funds from individuals as investments by organizations that are not supervised by the Bank of Russia, whose activities are not regulated by law. In case of violation of this ban, we envisage punishment as follows: a fine of up to 1 million rubles or suspension of activities for up to 90 days. Zhuravlev told journalists “The next step also considers the possibility of imposing criminal liability,” the statement said.

According to the politician, the need to enact the law is due to the fact that the problem of the financial pyramid is still relevant in the country. “This situation has a negative impact on the Russian financial market, it can lead to the loss of funds of a significant part of the population, and also weaken citizens’ confidence in financial instruments,” Zhuravlev said.

In accordance with the bill, attracting investments from individuals through public offerings is allowed if such a right is provided for by federal law. The senator explained that the provision of services aimed at attracting investments of individuals through public offerings is permitted by financial institutions, issuers in connection with the placement of issue-grade securities and persons authorized to act on their behalf and in their interests. Additionally, two bills related to the above are being submitted to the State Duma. The first of them – “On amendments to paragraph 6 of Article 807 of the Second Part of the Civil Code of the Russian Federation” (collecting funds from individuals) – proposes to extend the provisions of this article to all potential debtors, regardless of whether they wish to do so. Zhuravlev said whether it has legal entity status.

The second relevant bill – “On Amending the Code of Administrative Offenses of the Russian Federation” – proposes to establish in the Code of Administrative Offenses of the Russian Federation responsibility for carrying out activities aimed at attracting investments of persons who have no right to do so. do so.

“The draft laws will serve as an effective mechanism in the fight against financial pyramids and other unscrupulous participants in the financial market, which pose increased risks to citizens,” Zhuravlev emphasized.