Encyclopedia

Independent member


An independent member is a person who is not in an employment relationship with the self-regulatory organization or its members. Independent members must constitute no less than one fifth of the members of the standing collegial governing body of the self-regulatory organization1.

  1. Federal Law No. 223-FZ dated July 13, 2015 "On Self-Regulatory Organizations in the Financial Market and on Amending Articles 2 and 6 of the Federal Law "On Amending Certain Legislative Acts of the Russian Federation". 2015, as amended on July 14, 2015, Article 22, paragraph 2. ↩

Laws with commentary

Codes and federal laws