Federal Law No. 103-FZ of 2009 on Receiving Payments from Natural Persons Pursued by Payment Agents

Russia

(enacted in 2009)

Federal Law No. 103-FZ on Receiving Payments from Natural Persons Pursued by Payment Agents regulates relations between payment agents and payers in Russia.

This law covers the following topics:

  • Activity of receiving payments;
  • Conditions for receiving payments;
  • Special requirements applicable to receipts;
  • Requirements applicable to automatic devices for receiving payments; and
  • Control over observance of requirements set out in this law.