Monitoring of the Federal Legislation dated 16.11.2005

Decision of the Government of the Russian Federation No. 677 of November 11, 2005 on the Method of Distribution among the Subjects of the Russian Federation of Subventions from the Federal Fund of Compensations to Implement Some of the Authority Handed over by the Russian Federation to the Bodies of State Power of the Subjects of the Russian Federation

The subventions are distributed to provide for the financing of expenses to implement the authority in a number of social payments handed over by the Russian Federation to the bodies of state power of the subjects of the Russian Federation. Procedure of calculation of the amount of allocated subventions is provided.

Direction of the Central Bank of Russia No. 1626-U of October 7, 2005 on the Amendments to the Instruction of the Bank of Russia No. 113-I of April 28, 2004 on the Procedure of Opening, Closing, Organisation of Work of Exchange Offices and Procedure of Carrying out by the Authorised Banks of Individual Types of Bank Operations and Other Transactions with Foreign Currencies in Cash and the Currency of the Russian Federation, Checks (Including the Traveller's Checks) in Foreign Currencies Involving Natural Persons

Changes the list of the reasons of refusal to hand out a positive statement to the authorised bank (its branch) necessary for the opening of the exchange office. Specifies that the territorial institution of the Bank of Russia shall refuse to issue the mentioned statement in cases of a failure to execute the orders to eliminate violations of Instruction No. 113-I revealed in the work of internal structural divisions of the bank (its branch).

Refines the list of information and documents that must be present in the rooms of the exchange office on the stand or in another form available for reading to natural persons. Thus, if the exchange office does not carry out operations with foreign currencies in cash and checks using cross-rates, information on cross-rates must not be placed on the stand.

The number of documents forming the file of the exchange office is reduced through reduction of the documents pertaining to technical strength of the rooms for operations with values (including the fire warning and alarm devices).

The cash worker of the exchange office may hold only an internal pass with a photograph and appropriate signatures and the seal, or a service pass, instead of the personal identification or service identification document.

The bank (its branch) shall notify the territorial institution of the Bank of Russia at the place of location of the additional office, credit and cash office, operational cash department outside the cash centre and other internal structural divisions, except for exchange offices, of the beginning of operations with foreign cash and checks no later than ten working days after the day of the beginning of the mentioned operations.

The Direction introduces new requirements to the keeping of the register of operations with foreign currencies in cash and checks. The mentioned register must be preserved in the electronic form for one year after the date of its closing.

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on November 11, 2005. Reg. No. 7158.

Order of the Ministry of Internal Affairs of the Russian Federation No. 825 of October 11, 2005 on the Amendments to the Order of the Ministry of Internal Affairs of Russia No. 1033 of December 26, 2003

Pursuant to the reorganisation of the central office of the Ministry of Internal Affairs of Russia, organisational and staff measures in the directorates of the Ministry of Internal Affairs of Russia in the federal districts, ministries of internal affairs, directorates of internal affairs, departments of internal affairs of the subjects of the Russian Federation, provides a new wording for the list of officials in the framework the Ministry of Internal Affairs of Russia enjoying the right of access to information comprising the tax secret.

Registered in the Ministry of Justice of the Russian Federation on November 11, 2005. Reg. No. 7154.

Order of the Federal Service for Financial Markets No. 05-47/pz-n of October 11, 2005 on the Endorsement of the Procedure of Keeping of the Register of Housing Cooperatives

Defines the procedure of entering records in the register, exclusion of the cooperative from the register and providing information available in the register. The register is built on the basis of information provided by the federal body of executive power in charge of the state registration of legal entities and information provided by cooperatives.

Registered in the Ministry of Justice of the Russian Federation on November 8, 2005. Reg. No. 7147.

Direction of the Central Bank of Russia No. 1630-U of November 9, 2005 on the Invalidation of Some of the Normative Acts of the Bank of Russia

Invalidates individual acts of the Bank of Russia regulating the procedure of issue in circulation in the Russian Federation of memorial coins and fixing release prices for the coins of precious metals. At present, the mentioned issues are regulated by the Instruction of the Bank of Russia No. 125-I of November 9, 2005 on the procedure of issue in circulation by the Bank of Russia of memorial and investment coins and their sale to credit organisations.

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Order of the Central Bank of Russia No. OD-635 of November 8, 2005 on the Adjustment Coefficients of the Bank of Russia

Specifies adjustment coefficients applied for correction of the market cost of individual bonds of the European Bank of Reconstruction and Development, bank Russky Standart and the Russian Agricultural Bank, Gazprom, as well as the state bonds of the Samara Province accepted as a security for the credits of the Bank of Russia.

Order of the Central Bank of Russia No. OD-634 of November 8, 2005 on the Amendment to the Order of the Bank of Russia No. OD-682 of September 22, 2004 on the Calculation of the Cost of Backing for the Credits of the Bank of Russia

The amendments specify the particulars of determination of the market cots of the bonds of international financial organisations issued in compliance with the legislation of the Russian Federation. At present, such procedure is envisaged for the bonds of the subjects of the Russian Federation, mortgage agencies and credit organisations.

Letter of the Central Bank of Russia No. 137-T of November 8, 2005 on the Inclusion of Securities in the Lombard List of the Bank of Russia

The Lombard List of the Bank of Russia shall include now the bonds of Gazprom with the state registration number of issue 4-06-00028-А.