Monitoring of the Federal Legislation dated 3.11.2004

Order of the Ministry of Transport of the Russian Federation No. 15 of August 20, 2004 on the Endorsement of the Regulation on the Particulars of the Working Time and Leisure Time Regime of Automobile Drivers

Specifies the particulars of the working time and leisure time regime of drivers working under a labour contract on automobiles owned by the registered on the territory of the Russian Federation organisations, independent entrepreneurs and other entities engaged in transportation activities on the territory of the Russian Federation. The Regulation does not apply to drivers engaged in international transportation, as well as those working in shift teams with the shift method of organisation of works.

The mentioned particulars are obligatory when drawing up the work schedules (shifts) for the drivers.

According to the Regulation, employers must draw up the work schedules (shifts) on the monthly basis for every day (shift) while keeping records of the working time on the daily basis or in total and conveying them to the drivers no later than one month before their entry into force.

The Order specifies that the normal length of the working time of drivers may not be greater than 40 hours per week. For the drivers working under five working day arrangement with two days-off, the normal length of the daily work (shift) may not be greater than 8 hours, and for those working under six day working week arrangement with one day-off, 7 hours.

If the driver presence in the automobile is expected to be grater than 12 hours, two drivers must be sent on the route. In this case, the automobile must be outfitted with a sleeping bed for the driver. The drivers must be provided with a break for taking meals and rest for not more than 2 hours in the middle of the working shift as a rule.

Registered in the Ministry of Justice of the Russian Federation on November 1, 2004. Reg. No. 6094.

Order of the Central Bank of Russia No. OD-682 of September 22, 2004 on the Estimate of the Cost of the Backing for the Credits of the Bank of Russia

Specifies the particulars of calculation of the cost of the backing for the credits of the Bank of Russia secured with securities pledge (blocking) to be used from November 14, 2004.

Provides the procedure of determination of the market value of one valuable paper, correction coefficients applied to adjust the market value of securities accepted as a backing of the credits of the Bank of Russia.