Selbstregulierung von Unternehmen (SRO)

Abstract

The article considers the modern legal framework of self-regulation of business and professional activities, draws attention to recent amendments in legislation in this area. The author concludes that the legal regime of self-regulation is to be differentiated into general and special. The author defines concepts, types of self-regulation; legal status, functions of self-regulatory organizations. The paper draws attention to the general minimum requirements for self-regulatory organizations that they must meet, and the possibility to enhance them by laws enacted in separate branches of law. The author identifies her position regarding the interrelation between state regulation and self-regulation of business activity. To sum up, the author concludes that the emergence and development of the legal institution of self-regulation is being aimed at balancing private and public interests of the state and entrepreneurs that is encouraged by the improvement of legislation in this field of public relations.