Legislative novelties of September 2022

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Advertising on the Internet

Amendments have been made to the law on advertising.
From the first of September, the user is obliged to notify Roskomnadzor about
the placement of advertising on the Internet. Otherwise, he faces a fine.

Consumer protection

The law on consumer Protection has been changed, now
the seller or the contractor is prohibited from withdrawing from the contract
unilaterally, without the consent of the consumer.

Also, since the beginning of September, it is
prohibited to refuse to conclude a contract with a consumer if he refuses to
provide his personal data. The exception is mandatory personal information in
accordance with the requirements of the law.

Personal data

The operator of personal data is obliged to inform
Roskomnadzor about the transfer of citizens’ data abroad from September 01,

Financial sphere

Since the beginning of autumn, unqualified investors
will be evaluated by the answers to four questions, one of which will be
simple, two of medium complexity, one complex. The computer system selects
questions randomly, if at least one question is answered incorrectly, then the
status of “non-qual” will not be obtained.

At the beginning of autumn, the Administrative Code of
the Russian Federation will have new compositions of offenses in the field of
finance. Now companies that do not comply with mandatory measures to freeze
funds or other property within the framework of specialized economic measures
can be fined. The size of the fine is impressive – from 300,000 to 500,000

From September 3, money transfer operators will
receive the right to accept cash from businesses for crediting funds to a
current account.

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