Monitoring of the Federal Legislation dated 14.11.2002

Decision of the Government of the Russian Federation No. 814 of November 12, 2002 on the Procedure of Endorsement of the Norms of Natural Wastage During Storage and Transportation of Commodity and Material Values

The norms of natural wastage used in the determination of permissible unrecoverable loss from shortage and/or wear of commodity and material values are developed taking into account technological conditions of their storage and transportation, climatic and seasonal factors affecting their natural wastage and must be revised at least once in five years.
Before January 1, 2003, the listed bodies of executive power must work out and endorse the norms of natural wastage.

Decision of the Government of the Russian Federation No. 813 of November 12, 2002 on the Length of Dual Jobholding for Medics Living and Working in Rural Localities and Urban-Type Settlements in Public Health Organizations

Medics living and working in rural localities and urban-type settlements may not work for more than 8 hours a day and 39 hours a week if they hold dual jobs in public health organizations.

Decision of the Government of the Russian Federation No. 812 of November 12, 2002 on the Amendments to the Customs Tariff of the Russian Federation

The Foreign Trade Commodity Nomenclature of the Russian Federation is extended to include subheadings "Buses Intended for Transporting More Than 120 Persons Including the Driver Aged Older Than 7 Years" and the rates of import customs duties for the mentioned commodities.
The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 810 of November 11, 2002 on the Amendments to the Regulation on the Organization of Sale of the State or Municipal Property at Auction

Changes the procedure of holding of open-bid auction. The bidding increments now will be set by the seller in fixed amount not greater than 5% (earlier, from 1% to 5%) of the initial selling price and are not changed during the whole of the auction.

Decision of the Government of the Russian Federation No. 808 of November 11, 2002 on the Organization and Holding of Tenders to Sell State or Municipally Owned Land Plots or the Right to Conclude Lease Contracts for Such Land Plots

The tenders are being open as to the composition of participants and are arranged in the form of an auction or contest. The auction may be an open or closed one as to the form of price proposals or amount of rent. The tenders are held in the form of a contest if there is a need to fix the terms (duties) of use of the land plot by the owner of the land plot.
The up-front sum for participation in the tenders is fixed in the amount of at least 20% of the initial price of the land plot or initial amount of the rent.
The bidding increment is fixed from 1% to 5% of the initial price of the land plot or initial amount of the rent and is not changed during the whole of the auction.
Decision on the tenders in the form of the contest is taken by the Government of the Russian Federation that defines essential terms of the purchase-and-sale and lease contracts for the land plots concluded as a result of the contest, as well as the terms of the contest.

Order of the State Customs Committee of the Russian Federation No. 1171 of November 1, 2002 on the Places of Customs Registration of the Diplomatic Mail and Commodities

Defines the places of customs registration of the diplomatic mail and commodities imported and exported by foreign citizens enjoying customs exemptions under Section VII of the Customs Code of the Russian Federation located in Moscow and the Moscow Province.
The Order is entered into force 30 days after the day of its official publication.
Registered in the Ministry of Justice of the Russian Federation on November 10, 2002. Reg. No. 3905.

Order of the State Customs Committee of the Russian Federation No. 1043 of September 30, 2002 on the Amendments to the Order of the State Customs Committee of Russia No. 814 of November 24, 1999

Changes the rules of moving of transport vehicles by natural persons according to the simplified, exemption procedure across the customs border of the Russian Federation. The changes are stipulated by the increase in the import customs duties for cars aged older than 7 years.
Registered in the Ministry of Justice of the Russian Federation on November 5, 2002. Reg. No. 3903.

Decision of the Federal Commission for Securities Market No. 38/ps of September 11, 2002 on the Amendments to the Standards of Issue of Bonds and Their Emission Prospectuses Endorsed by the Decision of the Federal Commission for Securities Market of Russia No. 27 of October 19, 2001

Defines the time limit for the holders of the bonds to submit applications for bond conversion and the time limit for conversion.
Defines the procedure of determination of the percent amount (of the coupon) paid out to the holders of the bonds. Changes the procedure of early redemption of the bonds by the issuer and the procedure of determination of the placing price for the bonds.
If there are reasons to refuse the state registration of the issue of the bonds, the body in charge of the registration may provide an opportunity to correct the available violations to the issuer without refusing the state registration. In this case, the body in charge of the registration returns such documents to the issuer indicating the available violations and leaving one of the copies of each of the submitted documents for own use.
Registered in the Ministry of Justice of the Russian Federation on November 5, 2002. Reg. No. 3899.