Russian IT companies pointed out the risks of changing the home software registry

The State Duma is considering a draft amendment to the law “On information, information technologies and information protection.” Innovations can open access to the national software registry to solutions from companies with a participation of foreigners greater than 50%, according to ARPP “Domestic Soft”.

The association sent a letter to the head of the Ministry of Digital Transformation, Maksut Shadayev, in which he indicated that, due to the new rules, it would be enough for foreigners to formalize the transfer of rights to the solution to his Russian “daughter”. ”, writes RBC with reference to this letter.

According to the bill, it is proposed to cancel the rule according to which only companies with a Russian beneficial ownership of more than 50% can be on the register. As specified in the explanatory note, Russian companies with a significant part of the shares in free float cannot be considered domestic software developers.

To overcome this barrier, the project proposes to consolidate the concepts of “control” and “participation”.

“For Russian IT companies, an incentive to enter the stock exchanges will be created, which will attract additional domestic and foreign investment and lead to the accelerated development of domestic technologies,” the explanatory note says.

The ARPP noted that the version of the bill does not indicate that it concerns only companies listed on Russian stock exchanges. The Association requests that this paragraph be written in the document.

Earlier in the month, a letter with similar comments was sent to the head of the Duma Committee on Information Policy, Information Technology and Communications, Alexander Khinshtein.