Monitoring of the Federal Legislation dated 25.06.2008

Order of the Federal Service for Financial Markets No. 08-20/pz-n of May 22, 2008 on the Requirements to the Deadlines for Acceptance of Requests for the Purchase and Redemption of Investment Shares of the Closed-Type Shared Investment Fund and Procedure to Pay out Monetary Compensation in the Cases of Redemption of Investment Shares of the Closed-Type Shared Investment Fund

Adjusts the time limits of acceptance of requests for the purchase and redemption of investment shares of the closed-type shared investment fund and procedure to pay out monetary compensation in the cases of redemption of such shares.

Order of the Federal Service for Financial Monitoring No. 131 of May 23, 2008 on the Endorsement of the Regulation on the Procedure for the Federal Service for Financial Monitoring to Control Execution by Organisations Carrying out Operations with Monetary Resources or Another Property Where Enforcement Bodies Are not Available of the Federal Law No. 115-FZ of August 7, 2001 on the Combating of Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

Introduces a procedure for the Federal Service for Financial Monitoring (its territorial bodies) to check organisations carrying out operations with monetary resources and another property where enforcement bodies are not available.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/1/350 of June 5, 2008

Provides explanations on the cases when organisation provide cellular communication to their employees for service purposes.