On 01.09.2021 Federal Law No. 174-FZ dd 11.06.2021 (the Law) enters into force. It amends Article 8 of Federal Law No. 282-FZ "On Official Statistical Accounting and the System of State Statistics in the Russian Federation" dd 29.11.2007, which provides the obligation of registrars of the registers of JSC to provide information about shareholders to the Federal State Statistics Service (the Rosstat).
Annually, until July 05 (in 2021, until September 10), Registrars will be obliged to provide information about shareholders of joint-stock companies, which registers are managed by them. According to the Law, the following information must be submitted to the Rosstat:
- list of shareholders - Russian companies;
- participation interest in the authorized capital of joint-stock companies;
- identification information of the shareholders;
- information on the total participation interest of other shareholders in the authorized capital of joint-stock companies.
The holding organizations of a corporate group of companies will also be required to provide data on legal entities belonging to such groups. The procedure for determining and criteria of a corporate group of companies and its holding organization will be established by the Government of the Russian Federation in the nearest future.
It should be noted that adopted regulation is not new for Registrars: previously, a similar obligation was established by Part 6.1 of Article 4.1 of the Federal Law No. 209-FZ “On the Development of Small and Medium-Sized Business in the Russian Federation” dd 24.07.2007, in relation to small and medium businesses. However, the Law significantly extends the range of subjects and the information, which are required for submission.
The amendments primarily intend to improve and optimize the collection of statistics data on legal entities in the field of investment. We believe that the expansion of statistical data collected will allow the state authorities to get a more objective picture of production efficiency, but at the same time, it will not have a significant positive effect on the companies themselves.