Windfall tax for major companies to be introduced in Russia
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Daily Monitoring of the Legislation
Monitoring of the Federal Legislation dated 9.08.2002
Decision of the Federal Commission for Securities Market No. 20/ps of June 7, 2002 on the Registration of the Rights for Investment Shares of the Shared Investment Funds
Endorses the Regulation on the procedure of keeping of the register of the owners of investment shares of the shared investment funds. Specifies obligatory requirements for professional participants of the securities market licensed for activities in the keeping of the register of securities and special depositories of the shared investment funds keeping the registers (recorders).
Registration of the rights for investment shares is carried out on the personal accounts in the register of the owners of investment shares kept by the recorders, as well as on the custody accounts by professional participates of the securities market licensed for depositary activities at securities market.
The Regulation defines the duties of the recorder of the shared investment fund when he keeps the register of the owners of investment shares, procedure and time limits for execution of operations in the register of the owners of investment shares by the recorder, as well as the grounds for refusal of such operations, procedure and time limits for granting information from the register, as well as the requirements to the procedure of implementation of the functions of the nominal holder of investment shares.
The Decision also specifies the requirements to the content of internal documents of recorders.
Registered in the Ministry of Justice of the Russian Federation on July 31, 2002. Reg. No. 3641.
Registration of the rights for investment shares is carried out on the personal accounts in the register of the owners of investment shares kept by the recorders, as well as on the custody accounts by professional participates of the securities market licensed for depositary activities at securities market.
The Regulation defines the duties of the recorder of the shared investment fund when he keeps the register of the owners of investment shares, procedure and time limits for execution of operations in the register of the owners of investment shares by the recorder, as well as the grounds for refusal of such operations, procedure and time limits for granting information from the register, as well as the requirements to the procedure of implementation of the functions of the nominal holder of investment shares.
The Decision also specifies the requirements to the content of internal documents of recorders.
Registered in the Ministry of Justice of the Russian Federation on July 31, 2002. Reg. No. 3641.
Information Letter of the Federal Commission for Securities Market of August 5, 2002 on the Reporting Procedure for Professional Participants of Securities Market
Specifies the time limits for submission of reports endorsed by the Regulation on the reporting procedure of professional participants of securities market endorsed by the joint Decision of the Federal Commission for Securities Market No. 33 and the Ministry of Finance of the Russian Federation No. 109n of December 11, 2001 and entered into force from July 1, 2002. Also defines the format of the mentioned reports submitted by professional participants of securities market on paper and in the electronic form on magnetic media (diskettes).
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