Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 26.08.2002

Order of the Federal Commission for Securities Market No. 991/r of August 14, 2002 on the Endorsement of the Methodology Recommendations for Filling Out the Forms of Reports of Professional Participants of Securities Market

Methodology recommendations are intended for use in the filling out of the forms of reports of professional participants of securities market specified by the joint Decision of the Federal Commission for Securities Market of the Russian Federation No. 33 and the Ministry of Finance of the Russian Federation No. 109n of December 11, 2001 on the endorsement of the Regulation on the reports of professional participants of securities market. Submitted information includes also the one for the branches of the professional participant carrying out activities at securities market.
Reports include only information on emission securities (except for the forms containing direct indications to submit information on non-emission securities) of the residents of the Russian Federation (if otherwise is not indicated in the form itself).

Decision of the Presidium of the Supreme Court of the Russian Federation No. 132pv-02 of July 31, 2002

As an enforcement measure, abandons the Decision of the Supreme Court of the Russian Federation of April 1, 2002 and the ruling of the Board of Cassation of the Supreme Court of the Russian Federation of May 30, 2002 invalidating provisions of Paragraph 3 of Item 2 and Paragraph 2 of Item 12 of the Instruction of the Central Bank of Russia on the procedure of obligatory sale of the part of the currency receipts inasmuch as it restricted opportunities of the authorized banks to sell the part of the receipts at the order of the exporter directly to other authorized banks.
Thus, obligatory sale of the part of the export currency receipts of legal entities is still carried out through authorized banks at interbank currency exchanges operating on the basis of the license of the Bank of Russia or directly to the Bank of Russia.

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