Monitoring of the Federal Legislation dated 14.05.2008

Federal Law No. 65-FZ of May 13, 2008 on the Amendments to Articles 1, 6 and 24 of the Federal Law on the Procedure to Exit the Russian Federation and Enter the Russian Federation

The President of the Russian Federation is empowered with authority to regulate the procedure of entry in the Russian Federation and exit from the Russian Federation for foreign citizens and stateless persons including the simplification of this procedure.

Letter of the Central Bank of Russia No. 52-T of May 5, 2008 on the Memorandum for the Borrower in a Consumer Credit

To improve financial attainments of the population, the Bank of Russia developed a prompt note to help the borrowers (potential borrowers) when they take decisions to get a consumer credit.

Letter of the Central Bank of Russia No. 51-T of April 30, 2008 on the Methodology Recommendations on the Procedure for Credit Organisations to Draw up and Submit Financial Reports

Introduces a new procedure of drawing up and submission of financial reports by credit organisations in compliance with international accounting standards.