Monitoring of the Federal Legislation dated 20.07.2009

Federal Law No. 166-FZ of July 17, 2009 on the Amendments to the Federal Law on the Hypothec (Mortgage)

Non-dwelling space purchased completely or partly through a credit or loan with a legal entity is considered to be mortgaged from the moment of registration of the borrower proprietary right, if otherwise is not envisaged in the federal law or contract). The mortgagee is the bank or legal entity having granted the credit (loan).

Federal Law No. 165-FZ of July 17, 2009 on the Amendments to Article 346.25.1 of Part 2 of the Tax Code of the Russian Federation

Removes a legal conflict in the Tax Code of the Russian Federation.

Federal Law No. 163-FZ of July 17, 2009 on the Amendment to Article 5 of the Federal Law on the Combating of Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

Credit consumer cooperatives are included in organisations carrying operation with monetary resources and other property and have to take measures against laundering of criminal incomes and financing of terrorism.

Federal Law No. 158-FZ of July 17, 2009 on the Ratification of the Treaty between the Russian Federation and the Republic of Angola on the Mutual Legal Aid in Criminal Cases

Ratifies the Treaty between the Russian Federation and the Republic of Angola on the mutual legal aid in criminal cases signed in Moscow on October 31, 2006.

Federal Law No. 156-FZ of July 17, 2009 on the Amendments to Article 24 of the Federal Law on the Retail Markets and on the Amendments to the Labour Code of the Russian Federation

Shifts the deadlines to move marketplaces to permanent buildings.

Federal Law No. 155-FZ of July 17, 2009 on the Amendments to Individual Legislative Acts of the Russian Federation

The amendments are expected to speed up construction of objects of Olympic and Paralympic Games of 2014 in the city of Sochi.

Federal Law No. 154-FZ of July 17, 2009 on the Ratification of the Agreement between the Government of the Russian Federation and the Executive Committee of the Commonwealth of Independent States on the Terms of Stay of the Division of the Executive Committee of the Commonwealth of Independent States on the Territory of the Russian Federation and the Protocol on the Amendments to the Agreement between the Government of the Russian Federation and the Executive Committee of the Commonwealth of Independent States on the Terms of Stay of the Division of the Executive Committee of the Commonwealth of Independent States on the Territory of the Russian Federation of July 4, 2001

The ratified international documents are expected to regulate the issues of stay of the division of the CIS Executive Committee on the territory of Russia (in the city of Moscow).

Federal Law No. 153-FZ of July 17, 2009 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of Kingdom of Denmark on the Simplification of the Issuance of Visas to the Citizens of the Russian Federation and the Kingdom of Denmark

Ratifies the Intergovernmental Agreement of Russia and Denmark on the simplification of the issuance of visas signed in Copenhagen on May 27, 2008.

Federal Law No. 152-FZ of July 17, 2009 on the Accession of the Russian Federation to the Convention Concerning International Carriage by Rail (COTIF) of May 9, 1980 in the Version of the Protocol of Modification of June 3, 1999

Russia joins the Convention Concerning International Carriage by Rail (COTIF) and becomes a member of the Intergovernmental Organisation for International Carriage by Rail.

Federal Law No. 151-FZ of July 17, 2009 on the Invalidation of Item 2 of Article 42 of the Federal Law on Narcotic Drugs and Psychotropic Substances

Invalidates the norm having created the federal extrabudgetary fund of combating of illegal drug trafficking.

Federal Law No. 150-FZ of July 17, 2009 on the Amendments to the Law of the Russian Federation on the Export and Import of Cultural Values

Permits to export cultural values purchased abroad.

Federal Law No. 149-FZ of July 17, 2009 on the Amendments to the Federal Law on the Particulars of Alienation of Immovable Property Owned by the Subjects of the Russian Federation or Municipal Formations and Occupied by Small and Medium-Size Businesses and on the Amendments to Individual Legislative Acts of the Russian Federation

Simplifies the procedure of purchase of leased property by small and medium-size businesses.

Federal Law No. 147-FZ of July 17, 2009 on the Amendments to the Federal Law on the Fund of Assistance of Reformation of the Housing and Communal Sector and the Federal Law on the Participation in the Shared Construction of Apartment Houses and Other Objects of Immovable Property and on the Amendments to Some of the Legislative Acts of the Russian Federation and on Invalidation of Individual Provisions of Legislative Acts of the Russian Federation

Refines the mechanism of returning of resources to the Fund of Assistance of Reformation of the Housing and Communal Sector.

Federal Law No. 146-FZ of July 17, 2009 on the Amendments to the Federal Law on the Federal Budget for the Year 2009 and for the Planned Period of 2010 and 2011

Allocates from the federal budget in 2009 resources to make a contribution of the Russian Federation to the Anticrisis Fund of the Eurasia Economic Community.

Federal Law No. 145-FZ of July 17, 2009 on the State Company Russian Highways and on the Amendments to Individual Legislative Acts of the Russian Federation

Creates the state company Russian Highways.

Decision of the Government of the Russian Federation No. 574 of July 16, 2009 on the Amendments to the Customs Tariff of the Russian Federation for Raw Oil

Introduces for 9 months the rate of import duty for raw oil with the density not less than 694.7 kg/m3, but not greater than 872.4 kg/m3 at 20°C and the sulphur content not less than 0.1% by weight, but not greater than 1% by weight to make 5% of the customs cost.

Order of the Federal Service for Financial Markets No. 09-20/pz-n of June 10, 2009 on the Particulars of Entry in the Register of Holders of Personal Securities of Operations Changing Information on the Personal Account of the Nominal Holder and/or Trustee Pursuant to the Reorganisation of the Mentioned Entities in the Form of Transformation

In the case of transformation of the nominal holder and/or trustee, the recorder or issuer keeping the register independently must correct the information of the personal account of the registered person.

Order of the Federal Service for Financial Markets No. 09-17/pz-n of June 2, 2009 on the Amendments to the Regulation on the Disclosing of Information by Issuers of Emission Securities Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 06-117/pz-n of October 10, 2006

Extends the list of issuers who must disclose information in the form of the quarterly report.

Letter of the Federal Tax Service No. ShS-22-3/573@ on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Resources for June 2009

Provides information for the calculation of the tax on extraction of mineral resources for June 2009.