of November 11, 2019 No. 250-Z
About change of the Law of the Republic of Belarus "About natural monopolies"
Accepted by the House of Representatives of October 2, 2019
Approved by Council of the Republic of October 25, 2019
Article 1. Bring in the Law of the Republic of Belarus of December 16, 2002 No. 162-Z "About natural monopolies" the following changes:
1. State Articles 1 and 2 in the following edition:
"Article 1. The main terms applied in this Law and their determinations
For the purposes of this Law the following main terms and their determinations are applied:
natural monopoly - market situation of services in case of which creation of competitive conditions for satisfaction of demand for certain type of service is impossible or economically inexpedient owing to technological features of production and provision of this type of service;
methodology and rules of its application - method of price regulation (rates) for the services relating to spheres of natural monopolies by determination of procedure for establishment and use of the prices (rates);
rendering services - provision of services, production (realization) of the goods which are objects of civil circulation;
regulating authority of activities of subjects of natural monopolies (further - regulating authority of natural monopolies) - republican state body to which according to the legislation functions on ensuring counteraction of monopolistic activities and development of the competition (in the goods markets of the Republic of Belarus, areas (city of Minsk)), including regulations of activities of subjects of natural monopolies, the prices (rates) for the services relating to spheres of natural monopolies and also control in these spheres are assigned;
industry republican state bodies (further - industry bodies) - state bodies which according to the legislation realize state policy and (or) perform state regulation, and (or) provide activities in the spheres carried to spheres of natural monopolies;
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