Monitoring of the Federal Legislation dated 1.06.2005

Decision of the Government of the Russian Federation No. 341 of May 31, 2005 on the Mutual Trips of the Citizens of the Russian Federation and the Citizens of the Republic of Kazakhstan

Citizens of the Russian Federation and Kazakhstan must have internal passports to cross the Russian-Kazakhstan state border (passport of the citizen of the Russian Federation, identification certificate of the citizens of the Republic of Kazakhstan) and certificates of birth for children (for the citizens of the Russian Federation under 14 years of age and the citizens of the Republic of Kazakhstan under 16 years of age).

The Decision is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 339 of May 27, 2005 on the Amendments to the Decision of the Government of the Russian Federation No. 714 of October 11, 2001

Provides a new wording for the regulation on the generation of the list of construction projects and objects for the state federal needs and their financing from the federal budget. The Regulation specifies that the procedure of building of the list of construction projects, construction and reconstruction objects, including the objects for technical modernisation, for the state federal needs, procedure of their financing at the expense of state capital investments (except for the budget credits) envisaged in the federal budget for the subsequent fiscal year, as well as the functions and authority of the state orderer and the construction party.

Order of the Federal Tax Service No. SAE-3-09/180@ of April 26, 2005 on the Endorsement of the Form "Decision on the State Registration"

Decision on the state registration of the legal entity, independent entrepreneur or the head of the peasant (farmers') enterprise drawn up according to Form Р80001 is taken by the body in charge of the registration on the basis of the documents submitted by the applicant.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6653.

Order of the Federal Service for Financial Markets No. 05-13/pz-n of April 20, 2005 on the Endorsement of the Procedure of Notification by the Trade Organiser at the Securities Market of Inclusion (Exclusion) of Securities in the List (from the List) Permitted for Tenders

Defines the procedure of submission by the trade organiser to the Federal Service for Financial Markets of Russia of the notification of inclusion (exclusion) of securities in the list (from the list) permitted for tenders. The trade organiser must notify the Federal Service for Financial Markets of Russia of the event no later than the following day from the date of adoption of the appropriate decision by the authorised body of the trade organiser at the securities market.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6650.

Order of the Ministry of Agriculture of the Russian Federation No. 70 of April 28, 2005 on the Endorsement of the List of Objects of Fauna Qualified As Objects of Hunting That Are Included in Those of Special Value Economically

Lists 38 mammals and 28 birds being the objects of hunting that are included in the specially valuable economically. Protection and use of the mentioned objects of fauna are qualified as the sphere of reference of the bodies of state power of the subjects of the Russian Federation implemented at the expense of subventions from the federal budget.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6646.

Order of the Ministry of Agriculture of the Russian Federation No. 81 of May 17, 2005 on the Endorsement of the List of the Specially Hazardous Animal Diseases and Those Subject to Quarantine Measures

Lists the specially hazardous animal diseases and those subject to quarantine measures, prevention and elimination of which are included in the main tasks of the veterinary service in the Russian Federation.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6645.

Order of the Ministry of Economic Development of the Russian Federation No. 49 of March 2, 2005 on the Endorsement of the Prototype Labour Contract with the Head of the Federal State Unitary Enterprise

The prototype labour contract shall regulate relations between the body of executive power and the head of the federal state enterprise pertaining to execution by the latter of the duties of the general director (director) of the enterprise. The head is a sole executive body of the enterprise and shall solve independently all issues of the work of the enterprise except for the ones qualified as the sphere of reference of other bodies.

The Order lists the rights and duties of the head and the body of executive power in the framework of the labour contract. Separate parts of the contact include the provision on the labour remuneration, social guarantees and responsibility of the head.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6644.

Order of the Federal Service for Financial Markets No. 05-17/pz-n of April 20, 2005 on the Endorsement of the Regulation on the Specialists of the Financial Market

Specifies new qualification requirements to the specialists of the financial market, as well as the procedure of their certification, reasons of revocation of qualification certificates, procedure of keeping of the register of certified persons and the procedure of disclosing of information from the register. Certification of the applicants shall be carried out by the Federal Service for Financial Markets of Russia in the form of qualification examinations and issue of the qualification certificate, as well as the checking of qualification compliance of the specialists of the financial market with specified requirements.

Inclusion in the register of the earlier excluded persons is vested in the Federal Service for Financial Markets of Russia to be permitted 3 years after the date of revocation of the licenses of organisations having worked at the financial market where these persons were employed if they send an appropriate application to the Federal Service for Financial Markets of Russia with attached copy of the qualification certificate or on the basis of the court ruling.

The earlier issued qualification certificates without a period of limitation preserve their force.

The holders of qualification certificates of the specialist of the securities market in corporate finances may exchange within one year from the date of entry into force of the Order the mentioned certificate for the qualification certificate of the specialist of the financial market in one of the specialities of the financial market.

The Order is entered into force 10 days after the date of its official publication except for the provisions where other time limits for the entry into force are specified. Qualification requirements to the specialists of the financial market being employees of credit organisations are entered into force one year after the date of entry into force of the Order.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6641.

Letter of the Federal Antimonopoly Service and the Central Bank of Russia Nos. IA/7235 and 77-T of May 26, 2005 on the Recommendations on the Standards of Disclosing of Information When Granting Consumer Credits

Recommendations on the standards of disclosing of information are aimed at providing for equal terms of competition among the credit organisations and protection of consumer interests, as well as prevention of obtaining of non-competitive advantages by credit organisations in consumer crediting through dissemination of false, incorrect or misrepresented information on the terms of granting of consumer credits.

The main principle of standards of disclosing of information when granting consumer credits is to provide true and full information to potential borrowers before conclusion of the credit contract of the terms of granting, use and return of the consumer credit on a standardised form permitting the consumer to compare the terms of consumer credits of different banks and make a conscious choice. Opportunities of making a conscious choice is one of the prerequisites of the fair competition among the banks at the market of consumer crediting.

Letter of the Central Bank of Russia No. 76-T of May 24, 2005 on the Organisation of Operative Risk Control in Credit Organisations

Endorses recommendations on organisation of operative risk control in credit organisations applied in internal control measures in credit organisations. Operative risk is implied to be the risk of losses as a result of incompliance with the nature and scale of activities of the credit organisation and/or requirements of the actual legislation of internal procedures of bank operations and other transactions, their violation by the employees of the credit organisation and/or other persons, incommensurability (insufficiency) of the functional potential (characteristics) of information, technological and other systems used by the credit organisation and/or their failures (functioning disorders), as well as a result of external events. The Letter lists internal and external reasons of operative risk and their types.

Credit organisations are recommended to work out the main principles of operative risk control and define the control efficiency. Besides, credit organisations are recommended to convey the operative risk control information to participants (stock-holders), creditors, depositors and other clients, external auditors, rating agencies and other interested parties (including the annual report).