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Compensatory Fund of the Self-Regulatory Organization of Electronic Marketplace Operators


The compensation fund of the self-regulating organization of electronic platform operators is separate property belonging to this self-regulating organization in ownership rights1.

The compensation fund of the self-regulating organization of electronic platform operators is formed from contributions by its members, in order to ensure the property liability of members of this self-regulating organization for compensating damages caused to third parties during the conduct of auctions in electronic form due to non-performance or improper performance by the electronic platform operator of requirements established by Russian Federation legislation, standards and rules of professional activity of electronic platform operators2.

  1. Federal Law No. 127-FZ of October 26, 2002 "On Insolvency (Bankruptcy)", as amended on January 1, 2028, Article 111, paragraph 1#9 // Official Gazette of the Russian Federation. 2002. No. 43. Page 4190. ↩

  2. Federal Law No. 127-FZ of October 26, 2002 "On Insolvency (Bankruptcy)", as amended on May 29, 2019, Article 111.1, subpara. 5 // Official Gazette of the Russian Federation. 2002. No. 43. Page 4190. ↩

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