On 29 December 2021, new statutory amendments which provide for a simplified procedure of revoking non-notarized powers of attorney will enter into force. A power of attorney of this kind will be deemed effectively revoked once a revocation notice is officially registered in a special electronic register, and all third parties will be deemed to have knowledge of such revocation on the following day. Access to this electronic register will be free of charge.

Prior to the adoption of the new statutory amendments, a non-notarized power of attorney had to be revoked through a formal publication in the “Kommersant” newspaper, and third parties were deemed to have notice about the revocation only after a month had passed from this publication.

However, after the adoption of the new amendments, apart from this lengthy procedure, it will also be possible to revoke non-notarized powers of attorney by an electronic notice to be submitted to a special online register through the website of the Federal Notary Chamber. If the power of attorney is revoked via this procedure, third parties will be deemed to be aware of the revocation on the day after the information was published in the electronic register. This electronic register will be accessible to the public 24/7 and free of charge, while notaries will be able to issue formal certificates from this register subject to a fee.