OREANDA-NEWS. August 17, 2012. To enforce Clause 3 Part 2 Article 23 of the Federal Law “On Protection of Competition”, on 28th June 2012 the Federal Antimonopoly Service (FAS Russia) issued No.433 Order to approve the Procedures for analyzing the state of competition for the purposes of establishing dominant position of a credit organization, reported the press-centre of FAS Russia.

The Procedures were agreed with the Central Bank of the Russian Federation, and registered with the Ministry of Justice of the Russian Federation on 16th July 2012, No. 24927.

The Procedures determine specifics of analysis of the state of competition for the purposes of establishing dominant position of a credit organization exercising banking operations.

The Procedures are not applicable if a credit organization exercise other operation (rendering other financial services) and the dominant position of such an organization shall be established in accordance with the Procedures of analyzing the stat of competition on a goods market (No.220 FAS Order of 28th April 2010).

No.433 FAS Order of 28th June 2012 came into effect on 5th August 2012.