On format and content of new open registries

10.05.2017

The state program of the Russian Federation Information Society (2011-2020), approved by the Government of the Russian Federation in October 2010, continues to be realized.

The program is aimed at giving individuals and companies opportunities to use the benefits of information and communication technologies using equal access to information sources, development of digital content, use of innovative technologies and extreme improvement of the efficiency of government regulation and information security at the same time.

Information market of the first quarter 2017 is marked by appearance of new legal form for notary offices; new procedures for the maintenance of following registries were set: the registry of security holders, insurers, collectors, companies of small and medium-sized businesses, controlled foreign companies; entry into force of the amended disclosure rules, including beneficiaries; establishment of future registration rules for self-employed people and other events.

Thus, the Bank of Russia approved the provision "On requirements to implementation of activities for maintaining the register of securities owners (№ 572-П от 27.12.2016). The document set the requirements for the rules of maintaining the register (including the register of investment unit owners), in particular, registration of documents, register book maintenance, protection and storage of records and documents, compilation of the lists of investment unit owners, mutual funds etc.

The Mega regulator also set the procedure of maintenance the register of insurance business associations (the order of the Bank of Russia «On the procedure for maintaining the register of insurance business associations…» № 4186-U as of 11.11.2016). The Financial Market Access Department was assigned to maintenance the register in electronic format. On monthly basis, the authorized division places the following information on official web site of the Central Bank of the Russian Federation: full name, location, the address of insurance business association etc.

The Ministry of Justice of the Russian Federation issued an order "On approval of Administrative regulations of provision by Federal Bailiff Service of the state service on inclusion of information about legal entities in the state register of legal entities performing activities for return of overdue debt as the core activity" (№ 331 as of 31.12.2016). Among the experts, this register is known as the registry of debt collection agencies. The register maintenance was assigned on the Federal Bailiff Service. The decision is based on the results of provided state service: on registration in register; on refusal of registration; on amendments to information contained in the registry; on refusal of amendments to information contained in the registry; on issuing the duplicate certificate of registration in the registry etc.

From 1 January 2017 the order of the Ministry of Economic Development of the Russian Federation «On the amendments to certain orders of the Ministry of Economic Development of the Russian Federation on the issues of providing information, contained in the Unified State Register of Immovable Property as of 22.11.2016 №738 came into force. This document brought the regulatory framework, connected with the order of providing information from the Unified State Register of Immovable Property, in accordance with current legislation. In particular, the following items were updated: the forms of requests on providing information from the Unified State Register of Immovable Property in the form of extracts, the scope of information and getting information via access to the Federal state information system for the maintenance of the Unified State Register of Immovable Property and other requirements and rules.

The Federal Notarial Authority informed about the entry into force on 1 January 2017 the legislative amendments aimed on improving the system of registration of notifications on pledge of movable property. The information is accumulated in the Unified Information System of Notariate (UISN). In case the notice on pledge is sent in electronic format, the registration certificate of the notice will be sent by a notary to the applicant using the services of UISN.

To make information accumulation easier, the data placed in the registers above is also represented in the Information and Analytical system Globas-i®, this allow to estimate the contractor from different sides. While forming the business report the built-in analytic algorithms will select the information, directly relating to the contractor, and also will take into account the disturbing facts in the received information, estimate the risks and reflect the result in the appropriate indexes (for example, solvency and financial standing indexes) and comments to them, conclusions and recommendations for further cooperation.

In May 2017 the President of the Russian Federation signed a decree On a new strategy for the development of Russia’s information society from 2017-2030. It is assumed, that implementation of the fundamental items of the strategy will raise the development of the information market to a new level, will assist to the publicity of business, will form a national digital economy and ensure implementation of strategic national priorities.