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.
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. ↩
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. ↩