Monitoring of the Federal Legislation dated 25.11.2005

Decision of the Government of the Russian Federation No. 694 of November 23, 2005 on the Investment Fund of the Russian Federation

Defines the procedure of generation of the Investment Fund, as well as the forms, mechanisms and terms of granting of state support at the expense of the Fund to implement national investment projects, the stages and procedure of their selection, main requirements to submitted documentation and monitoring of implementation of investment projects.

Provides the procedure of estimation of the limiting amount of the Investment Fund. The annual volume of the Fund for each year in a planned period may not be lower than the volume of budget obligations in implementation of investment projects for the appropriate year of the planned period.

The grounds for generation of the limit of expenditure obligations in implementation of investment projects is the order of the Government of the Russian Federation on the endorsement of the list of investment projects and their certificates.

State support may be granted in the form of co-financing of the investment project, allocation of resources in the registered capitals of legal entities, as well as in the form of providing state guarantees for investment projects. A prerequisite for getting state support in the form of co-financing and allocation of resource in the registered capitals is allocation of resources by commercial organisations participating in the implementation of the investment project in the amount of at least 25% of the estimated cost of the investment project.

Amount of state guarantees may be up to 60% of the resources actually provided by creditors for the implementation of the investment project. The state guarantees are provided for the period of obligations assumed by the person enjoying state guarantees, however, not more than for 5 years.

The Decision is entered into force from January 1, 2006.

Decision of the Government of the Russian Federation No. 690 of November 21, 2005 on the Endorsement of the Regulation on the Protection of Navigation Hydro Technical Structures and Navigation Equipment

Defines the main tasks, forms and procedure of protection of navigation hydro technical structures and navigation equipment by the federal bodies of executive power. The main task is protection against illegal offences.

Order of the Ministry of Information Technologies and Communication of the Russian Federation No. 128 of November 10, 2005 on the Endorsement of the Form of the Act of the Check of Activities in the Communication Sphere

Endorses the form of the act of the check of activities in the communication sphere and its filling recommendations. The form is used in the implementation of the functions of state enforcement of activities in the communication sphere.

Registered in the Ministry of Justice of the Russian Federation on November 23, 2005. Reg. No. 7190.

Order of the Ministry of Internal Affairs of the Russian Federation No. 834 of October 17, 2005 on the Endorsement of the Instruction on the Procedure of Execution by the Bodies of Internal Affairs of the Russian Federation of the Law of the Russian Federation on the Rehabilitation of the Victims of Political Repressions

Direct execution of the Law where it pertains to the bodies of internal affairs is vested in the departments (sections, groups) of rehabilitation of victims of political repressions of information centres of the Ministry of Internal Affairs, directorates of internal affairs, departments of internal affairs of the subjects of the Russian Federation.

Rehabilitation divisions shall keep records of processing and execution of received applications and submit to the Main Information and Analysis Centre of the Ministry of Internal Affairs of Russia semi-annual and annual reports. The Order provides the procedure of acceptance, processing and execution of applications of citizens and requests of public organisations on the rehabilitation, drawing up and issue of documents on the rehabilitation.

The Instruction is entered into force from January 1, 2006.

Registered in the Ministry of Justice of the Russian Federation on November 23, 2005. Reg. No. 7186.

Order of the Federal Service for Financial Markets No. 05-51/pz-n of October 25, 2005 on the Amendments to the Order of the Federal Service for Financial Markets of Russia No. 05-15/pz-n of April 20, 2005 on the Delimitation of the Authority in the State Registration of Issues (Additional Issues) of Emission Securities between the Federal Service for Financial Markets and Its Territorial Bodies

According to the amendments, the minimum volume of issues (additional issues) of securities at the nominal cost placed through closed subscription with the state registration carried out by the Federal Service for Financial Markets of Russia is increased from Rbl 40 million to Rbl 100 million. The authority in the state registration of issues (additional issues) of securities of the Federal Service for Financial Markets of Russia does not include now the state registration of issues (additional issues) of the bonds of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on November 23, 2005. Reg. No. 7184.

Order of the Federal Antimonopoly Service No. 247 of October 25, 2005 on the Endorsement of the Procedure of Determination of the Dominating Position of Financial Organisations at the Market of Bank Services

Dominating position of the credit organisation at the market of bank services is determined on the basis of the share of the credit organisation within the boundaries of the market of bank services as defined in the constituent documents regardless of its place of location. Available dominating position of the credit organisation at the market of bank services is not a violation of the antimonopoly legislation.

Dominating position of the credit organisation at the market of bank services may not be regarded the one when its share at the federal market of bank services is lower than 10% or on the part of the territory of the Russian Federation - lower than 20%.

Registered in the Ministry of Justice of the Russian Federation on November 23, 2005. Reg. No. 7183.