Federal Antimonopoly Service
Encyclopedia
The Federal Antimonopoly Service of Russia, FAS is the federal-level executive
governmental organ which controls the execution of the competition law
s and related areas. It was established by the Decree of President of Russia # 314 by March 9, 2004. It is headed by Igor Artemyev
. Its functions are similar to those of competition regulator
s in other countries, such as the Federal Trade Commission
, USA.
Executive (government)
Executive branch of Government is the part of government that has sole authority and responsibility for the daily administration of the state bureaucracy. The division of power into separate branches of government is central to the idea of the separation of powers.In many countries, the term...
governmental organ which controls the execution of the competition law
Competition law
Competition law, known in the United States as antitrust law, is law that promotes or maintains market competition by regulating anti-competitive conduct by companies....
s and related areas. It was established by the Decree of President of Russia # 314 by March 9, 2004. It is headed by Igor Artemyev
Igor Artemyev
Igor Yurievich Artemyev is a Russian politician and government official.He graduated from the Leningrad State University Faculty of Biology. and from the Faculty of Law of the St...
. Its functions are similar to those of competition regulator
Competition regulator
A competition regulator is a government agency, typically a statutory authority, sometimes called an economic regulator, which regulates and enforces competition laws, and may sometimes also enforce consumer protection laws...
s in other countries, such as the Federal Trade Commission
Federal Trade Commission
The Federal Trade Commission is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act...
, USA.