Fines increased for illegal marketing mailing and non-transparent advertising of consumer loans
11 April 2024
Dear Ladies and Gentlemen!
On 17 April 2024, amendments to the Code of Administrative Offences of the Russian Federation (“CAO RF”) will enter into force. From this time, there will be greater liability for the distribution of advertisements via SMS, email and push messages without the recipient’s consent. In addition, increased liability will be imposed for advertising of consumer loans with an incomplete cost. The changes are as follows:
Violation of advertising distribution via telecommunication networks;
Failure to provide the full costs of consumer loans in advertising.
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Note: please be aware that all information provided in this letter is based on an analysis of publicly available information as well as our understanding and interpretation of legislation and law enforcement practices. Neither ALRUD Law Firm nor the authors of this letter bear any liability for the consequences of any decisions made in reliance upon this information.
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Sincerely,
ALRUD Law Firm
Lesnaya st., 7, 12th fl., Moscow, Russia, 125196
Т: +7 495 234 96 92, Т: +7 495 926 16 48, info@alrud.com
alrud.com
Т: +7 495 234 96 92, Т: +7 495 926 16 48, info@alrud.com
alrud.com