Monitoring of the Federal Legislation dated 23.08.2007

Main Directions of the Uniform State Monetary and Crediting Policy for the Year 2008 (Approved by the Board of Directors of the Central Bank of Russia on June 18, 2007)

The major prerequisite affecting the monetary and crediting policy in 2008 is the changing of principles of forming of the state budget (switchover to the three-year budget planning, separation of incomes into oil-and-gas ones and non-oil-and-gas ones).

Order of the Federal Service for Tariff Rates No. 138-e/b of July 31, 2007 on the Amendments to the Methodology Recommendations for the Calculation of the Regulated Tariff Rates and Prices for Electric (Thermal) Power at the Retail (Consumer) Market Endorsed by the Order of the Federal Service for Tariff Rates No. 20-e/2 of August 6, 2004

The amendments affect price forming for individual groups of consumers of electric and thermal power and calculation of the tariff rate for the services of transfer of electric power over the regional power-supply networks and are stipulated by the adjustment of the rules of non-discriminatory access to the services of transfer of electric power and of rendering of these services.

     
      The Order shall apply to the calculation of tariff rates for the year 2008 and subsequent years.

     
      Registered in the Ministry of Justice of the Russian Federation on August 20, 2007. Reg. No. 10030.

Order of the Federal Service for Financial Markets No. 07-85/pz-n of July 24, 2007 on the Amendments to the Regulation on the Composition and Structure of Assets of Joint-Stock Investment Funds and Assets of Shared Investment Funds Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 07-13/pz-n of February 8, 2007

According to the amendments, the Russian depositary receipts with the state registration of the prospectus may form part of the assets of the joint-stock investment fund and shared investment fund qualified as: funds of the monetary market, funds of bonds, funds of stocks, funds of mixed investments, funds of funds, funds of immovable property.

     
      Registered in the Ministry of Justice of the Russian Federation on August 20, 2007. Reg. No. 10013.