Monitoring of the Federal Legislation dated 19.12.2001

Federal Constitutional Law No. 5-FKZ of December 15, 2001 on the Amendments to the Federal Constitutional Law on the Judicial System of the Russian Federation

The amendments pertain to the procedure of assigning the authority to the judges and the time of authority of the judges of the federal courts. The chairmen and deputy chairmen of the courts, except for the Constitutional Court of the Russian Federation and the constitutional (constituent) courts of the subjects of the Russian Federation, are assigned to their positions for the term of 6 years. One and the same person may be assigned to the position of the chairman (deputy chairman) of one and the same court several times, however, not more than twice in a row. The maximum age for those occupying the position of a judge of the federal court (except for the Constitutional Court of the Russian Federation) is fixed to 65 years.
Introduced amendments pertaining to the procedure of assigning, determination of the time of authority of the chairmen and deputy chairmen of the courts and the maximum age of those occupying the positions of the judges assigned before the entering into force of the Federal Constitutional Law are entered into force according to the procedure envisaged in the Federal Law regulating the status of judges in the Russian Federation.
The Federal Constitutional Law is entered into force 10 days after its official publication.

Federal Law No. 168-FZ of December 15, 2001 on the Amendment to Article 4 of the Federal Law on the Amendment to Article 110 of the Law of the Russian Federation on the State Pensions in the Russian Federation

The Federal Law No. 100-FZ of July 13, 2001 on the amendment to Article 110 of the Law of the Russian Federation on the state pensions in the Russian Federation is entered into force 2 days ahead of the specified time limit - on December 30, 2001. The adopted amendment will permit to implement the earlier planned increase in pensions by 100%, instead of the 50%, assigned to the Heroes and full chevaliers of the Order of Glory. The transfer of the time limit is stipulated by the fact that the Law on the state pensions in the Russian Federation is abandoned from January 1, 2002 because of the pension reform.
The Federal Law is entered into force from December 30, 2001.

Federal Law No. 165-FZ of December 15, 2001 on the Amendments to Article 26 of the Federal Law on the Entering into Force of Part 2 of the Tax Code of the Russian Federation and Amendments to Some of the Legislative Acts of the Russian Federation on Taxes

The amendments pertain to the exemption from the value added tax of operations pertaining to the selling of commodities, works, services produced and sold by organizations with the average share of invalids in the payroll being at least 50% and the share in the labor remuneration fund, at least 25%. The given changes apply to legal relations emerging from January 1, 2001.
The Federal Law is entered into force one month after the day of its official publication.

Federal Law No. 164-FZ of December 14, 2001 on the Amendments to the Federal Law on the Audit Activities

Introduces technical judicial and linguistic amendments to bring individual parts of the Law in compliance. Refines the procedure of entering into force of individual provisions of the law. In particular, provision of Item 5 of Article 4 containing the requirement to the quantitative composition of auditors in an audit organization is entered into force two years from the day of entering into force of the Federal Law on the audit activities.
Before the entry into force of the chapter of the Tax Code of the Russian Federation regulating the procedure of collection of the state duty, being in effect is the procedure of collection of the payment for the certification for the right of carrying out audit activities and payment for the issue of the copy of the auditor qualification certificate that was in effect as of August 1, 2001.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 163-FZ of December 14, 2001 on the Indexing of the Rates of the Land Tax

The rates of the land tax and rent being in effect in 2001 shall apply in 2002 for all categories of land with coefficient 2.
The Federal Law is entered into force from the day of its official publication

Direction of the Central Bank of Russia No. 1069-U of December 13, 2001 on the Annual Report of the Credit Organization

Specifies the composition and time limits for submission of the annual report, in particular, that the annual report is submitted by credit organizations without branches no later than on January 20, and those with branches, no later than on January 25 of the year following the reported one. Before the date of submission of the annual report, credit organizations must receive from all clients written confirmation of the residues on accounts as of January 1 of the year following the reported one.
The Direction defines the procedure of preparation for the compilation of the annual report, operations of final turnovers and the drawing up of the explanatory note. Specifies the particulars of drawing up and filling out individual forms, in particular, No. 101 "Sheet of Turnovers of Accounts of the Credit Organization", No. 102 "Report of Profits and Losses", No. 126 "Information on the Use of Profits and Funds Created out of Profits"
The Direction is entered into force from the day of publication in the Herald of the Bank of Russia.

Direction of the Central Bank of Russia No. 1067-U of December 13, 2001 on the Amendments to the Regulation of the Bank of Russia No. 36-P of June 23, 1998 on the Interregional Electronic Payments Effected through the Payment Network of the Bank of Russia

Refines the procedure of effecting, registration and control over the interregional electronic payment in the framework of the system of the Bank of Russia, as well as the main rules and the terms of inclusion of the clients of the Bank of Russia in the users of the system of interregional electronic payments. The table of the codes of results of logical control of electronic payment documents is extended to include the new Code 40 "Non-Existent Recipient Correspondent Account in the Chief Payment and Encashment Center or Payment and Encashment Center"
The Direction is entered into force from December 17, 2001.

Direction of the Central Bank of Russia No. 1064-U of December 13, 2001 on the Amendments to the Rules of Accounting Work in Credit Organizations Located on the Territory of the Russian Federation No. 61 of June 18, 1997

Section 3 "Interbank Operations" of Chapter A "Balance Accounts" is extended to include the new Account 30125 "Correspondent Accounts of Non-Bank Credit Organizations Carrying Out Deposit and Credit Operations"
The Direction is entered into force from the day of publication in the Herald of the Bank of Russia.