Monitoring of the Federal Legislation dated 20.06.2002

Decree of the President of the Russian Federation No. 609 of June 17, 2002 on the Invalidation of Some of the Decrees of the President of the Russian Federation

Invalidates Decrees of the President of the Russian Federation No. 1769 of October 27, 1993 on the measures to ensure the rights of stock-holders and No. 1233 of June 11, 1994 on the protection of the rights of investors. The given measures have been adopted pursuant to the entering into force of the Federal Law on the amendments to the Federal Law on joint-stock companies.
The Decree is entered into force from the day of its official publication.

Direction of the Central Bank of Russia No. 1162-U of June 13, 2002 on the Amendments to the Regulation of the Bank of Russia No. 125-P of October 4, 2000 on the Procedure of Drawing Up Intermediary Liquidation Balance Report and the Liquidation Balance Report of a Credit Organization and Their Coordination by the Territorial Institutions of the Bank of Russia

Changes the procedure of coordination and endorsement of the intermediary liquidation balance report, liquidation balance report of a credit organization if its liquidation began before the entering into force of the Federal Law on insolvency (bankruptcy) of credit organizations, as well as in case of obligatory liquidation at the decision of the court of arbitration without appointing the liquidator.
The time of adoption of the decision by the territorial institution of the Bank of Russia on the coordination of the intermediary liquidation balance report and the liquidation balance report or refusal to coordinate them is reduced from 30 to 25 days.
The new wording is provided for the appendices containing the list of creditors and the list of property of the liquidated organization.
The Direction is entered into force from the moment of publication in the Herald of the Bank of Russia.

Direction of the Central Bank of Russia No. 1160-U of June 11, 2002 on the Amendments to the Regulation of the Bank of Russia No. 18-P of February 20, 1998 on the Multi-Round Processing of Payments in the Moscow Region

Provides the new wording for the Regulation defining the procedure of multi-round processing of payments when they are cleared through the payment network of the Bank of Russia in the Moscow region.
In particular, changes the notion of the "multi-round processing of documents". Now it is implied to be the procedure of processing of electronic payment documents when their reception, control and execution ensuring the writing off/entry of resources on accounts opened in the divisions of the payment network of the Bank of Russia of the Moscow region, as well as the sending to participants of the executed electronic payment documents confirming the transfer of resources is carried out in the discrete regime for each payment taking into account return payments, i.e. in the allocated intervals of time called "rounds". The Direction changes significantly the round processing schedule.
The Direction is entered into force from July 26, 2002.