Monitoring of the Federal Legislation dated 30.11.2001

Federal Law No. 155-FZ of November 27, 2001 on Additional Social Insurance to Members of Flight Crews of Air Vessels of the Civil Aviation

Members of flight crews of air vessels of civil aviation shall be provided with additional guarantees in social insurance because of the special labor conditions. The mentioned persons shall get monthly supplements to the state pension for the length of service regardless of the mechanism of calculation of its amount. The amount of the supplement to the pension is determined depending on the length of service of the pensioner, amount of his average monthly earnings for the period of flight work taking into account the amount of actually received insurance contributions according to the additional tariff.
The law specifies the particulars of calculation of the average monthly earnings to determine the amount of supplement to the pension.
The Federal Law is entered into force from the day of its official publication. The text of the Federal Law is published in Rossiyskaya Gazeta on November 30, 2001, No. 235.

Decision of the Government of the Russian Federation No. 820 of November 26, 2001 "Issues of the Committee of the Russian Federation for Financial Monitoring"

Fixes the maximum number of employees of the Committee and its territorial bodies.
The Committee shall be deployed temporarily in the service buildings of the Ministry of Finance of the Russian Federation located at the address of: 39 Myasnitskaya St, Bldg. 1, Moscow.

Regulation of the Central Bank of Russia No. 157-P of October 24, 2001 on the Procedure of Effecting Payments between Residents and Non-Residents under the Contracts for Carrying Out Works, Rendering Services or Transfer of Results of Intellectual Activities

The Regulation shall apply to payments in foreign currencies between legal entities, independent entrepreneurs being residents and non-residents under the contracts for carrying out works, rendering services (including agency contracts and commission contracts) or transfer of results of intellectual activities. The payments are made according to cashless procedure through accounts of residents in authorized banks and are transferred in the form of those not requiring the permission of the Bank of Russia for currency operations pertaining to capital transfers.
Registered in the Ministry of Justice of the Russian Federation on November 26, 2001. Reg. No. 3054.
The Regulation is entered into force from the day of its publication in the Herald of the Bank of Russia. The text of the Regulation is published in the Herald of the Bank of Russia on November 29, 2001, No. 73.

Regulation of the Central Bank of Russia No. 159-P of November 26, 2001 on the Method of Calculation of Own Resources (Capital) of Credit Organizations

Defines the mechanism of calculation of own resources of credit organizations. This information is submitted to the territorial institutions of the Bank of Russia within the time limits specified for submission of the accounting balance report and the estimate of obligatory normatives as of the 1st of each month in thousand roubles. The indicator of own resources calculated according to the method is used to determine the values of obligatory normatives, limits of the open currency position and in other cases.
The Regulation is entered into force from the reports as of January 1, 2002.

Direction of the Central Bank of Russia No. 1056-U of November 27, 2001 on the Amendment to the Direction of the Bank of Russia No. 500-U of February 12, 1999 on the Enhancing of Currency Control on the Part of the Authorized Banks over the Legitimacy of Currency Operations Carried Out by Their Clients and on the Procedure of Application of Measures of Intervention against Authorized Banks for the Violation of Currency Legislation

The list of states and territories providing tax exemption regime and/or not requiring disclosure and submission of information while carrying out financial operations (off-shore zones) is extended to include the Republic of Montenegro. The requirement to build up the reserve by credit organizations for operations of credit organizations of the Russian Federation with residents of these zones with respect to the Republic of Montenegro is entered into force one month after the day of entering into force of the Direction.
The Direction is entered into force from the day of publication in the Herald of the Bank of Russia. The text of the Direction is published in the Herald of the Bank of Russia on November 29, 2001, No. 73.