1. A political party which nominated a federal list of candidates shall be obliged to open a special electoral account to accumulate its electoral fund as soon as it receives a copy of its federal list of candidates certified by the CEC.

2. A regional branch of a political party shall be entitled to open a special electoral account in a subject of the Russian Federation in which it is registered to accumulate its electoral fund as soon as it submits to the election commission of a Russian Federation subject a copy of a federal list of candidates certified by the CEC, provided it has a resolution of the duly authorized governing body of the political party specified in part 1 of Article 71 of this Federal Law.

3. Candidate shall be obliged to open a special electoral account in a subject of the Russian Federation where he/she is registered in a single-mandate electoral district as soon as a DECs commission is notified on his/her nomination.

4. A special electoral account shall be opened in a branch of in the branch of the public joint-stock company "Sberbank of Russia and in the cases stipulated by paragraph 11 of Article 58 of the Federal law "On Basic Guarantees", - in the branch of other credit institution indicated for political parties by the CEC or, for regional branches of political parties, candidates by election commissions of a Russian Federation subject, for candidates – by a DEC. A political party, a regional branch of a political party shall be entitled to have only one special electoral account.

5. Immediately upon submission of the duly compiled documents set forth by these Federal Law branches public joint-stock company "Sberbank of Russia" (other credit institution) shall open special electoral accounts for political parties, their regional branches or candidate. No fees shall be payable for opening such accounts and processing transactions. No interest shall be paid on the money deposited in such accounts. All transactions in such accounts shall be carried out in the currency of the Russian Federation.

6. A political party shall open a special electoral account on the basis of a document which shall be issued by the CEC within three calendar days of the day when a list of authorized financial agents of this political party was registered. A regional chapter of a political party shall open a special electoral account on the basis of a document which shall be issued by the election commission of a subject of the Russian Federation within three days of the submission of an copy of the federal list, registered list of authorized financial agents of the regional chapter. Candidate shall open a special electoral account in a single-mandate constituency where he/she nominated on the basis of document which shall be issued by a DEC within three days after notification on candidate nomination. If a DEC is not established – on the basis of the document issued by the election commission of a Russian Federation subject within the same term. Candidate can delegate the opening of a special account to his/her authorized financial agent.

7. All transactions in a special electoral account except for the return to the electoral fund of unspent money or entry in the account of the money wired before the day of elections shall terminate on the day of elections. In the event the political party or candidate should fail to submit to the CEC the documents needed for the registration of its federal list, candidate or in the event of refusal of such registration or cancellation thereof, or political party withdraw its federal list or candidate in a single-mandate electoral district, or candidate withdraw or changed single-mandate electoral district, according to the part 7 of Article 40 of this Federal Law, all transactions in a special electoral account shall be terminated by the branch of public joint-stock company "Sberbank of Russia" (other credit institution) following the notice by the CEC.

8. All transactions through the special electoral account of a regional branch as stipulated in part 7 of this Article shall terminate in the event the regional group of candidates corresponding to this subject of the Russian Federation (or all regional groups of candidates corresponding to this group of subjects of the Russian Federation, if there are several of them) should be removed from the federal list of candidates. Transactions shall be terminated by the branch of Sberbank following the notice by the election commission of a Russian Federation subject.

9. Transactions relating to the electoral fund through the special electoral account of a regional branch of a political party may be terminated (suspended) upon the ruling of the election commission of a Russian Federation subject following the decision of the governing body of the political party which authorized herewith by its convention.

10. Following the application from a political party, its regional branch, candidate respectively the CEC, election commission of a Russian Federation subject, DEC may extend the period for the performance of the financial operations through a respective special electoral account to pay for the services (work) done before the financial operations were terminated (adjourned).

11. A special electoral account shall be closed by a political party, its regional branch, and candidate before the day they submit the final financial report.

12. The procedure of opening, handling and closing of special electoral accounts shall be fixed by the CEC in cooperation with the Central Bank of the Russian Federation.