Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 31.10.2002

Decision of the Government of the Russian Federation No. 707 of September 25, 2002 on the Procedure for Implementing the Federal Property Leases with Repurchase Clause Concluded Prior to the Entry into Force of the Federal Law on the Privatisation of State and Municipal Property

A procedure is set up for the sale of federal property under the contracts of lease with repurchase clause concluded before April 27, 2002 (the entry into force of the Law on the Privatisation of State and Municipal Property).
The repurchase application is filed by the lessee with the Ministry of Property Relations of the Russian Federation (a territorial body thereof) together with a notary-attested copy of the contract of lease and a document acknowledging that a repurchase amount has been paid. If the contract of lease does not specify a repurchase rate, a term and procedure for repurchase payment the lessee shall also file his property repurchase offer.
If the market value of leased property as of the date of filing of the repurchase application makes up 10,000-fold minimum wage rate or below the Ministry of Property Relations of the Russian Federation (territorial body thereof) makes a decision to sell this property to the lessee. If the market value of the leased property as of the date of filing of the application exceeds 10,000-fold minimum wage rate an offer is forwarded to the lessee for a joint formation of a public joint-stock company, with the leased property being deemed the state's contribution into its authorised capital.

Order of the Government of the Russian Federation No. 1361-r of September 25, 2002

Approval is given to the Concept of Developing Insurance Business in the Russian Federation. The Concept is aimed at forming an effective system of insurance protection for individual and corporate proprietary interests in the Russian Federation.
One of the basic guidelines for the development of mandatory insurance is the introduction of mandatory insurance for the objects susceptible to significant risks and damages, the citizens and bodies corporate that can be exposed to a significant loss resulting from natural disasters, accidents and calamities. Firs of all, it is the insurance of liability of owners of vehicles, the insurance of production facilities against man-made accidents, property insurance against fires and natural disasters, the large-scale accident harm insurance relating to hazardous cargo carriage.
The priority guidelines for the development of voluntary personal insurance are life insurance and pension insurance.
In the field of taxation additional privileges are in the pipeline:
- the inclusion in the social tax deductible sum of the citizens' insurance expenses relating to their insuring the most vital proprietary interests (relating to life and health, to possessing, enjoying and disposing of residential premises and household items);
- the extension of the list of organisations' expenses relating to the various types of liability insurance included in the costs accepted as deductible in the corporate profit tax calculations.

Information Letter of the Federal Securities Market Commission No. VM-02/10614 of September 20, 2002 on the Peculiarities of Keeping Internal Record Accounts for the Professional Participants in the Securities Market Being Credit Organisations

Explanations are provided on the procedure for applying specific provisions of the Procedure for Keeping Internal Record of Deals, in Particular Time Deals, and Transactions in Securities for the Professional Participants in the Securities Market Pursuing Brokerage, Dealership and Securities Management Activities approved by Joint Decision of the Federal Securities Market Commission and the Ministry of Finance of the Russian Federation No. 32/108n of December 11, 2001.
While organising analytical accounting on internal record accounts the professional participants being credit organisations may take into account their accountancy peculiarities, for instance, they may use information on bookkeeping account balances.
A professional participant being a credit organisation is allowed not to keep an account intended for internal recording of cash as applicable to the amounts of money transferred to another professional participant as performance under a contract concluded with him and also as applicable to the amounts of money earmarked for settlements under deals made in an off-board securities market.

Decision of the Federal Securities Commission No. 32/pc of August 14, 2002 On the Endorsement of Regulations On Clearing Activities in the Securities Market of the Russian Federation

It imposes binding requirements associated with clearing activities in the securities market.
Organizations possessing a license of a professional participant in the securities market to conduct clearing activities shall be required, within three months as from the effective date of the decision, to bring its activity into line with the new requirements.
Registered with the Ministry of Justice of the Russian Federation in September 26, 2002. Registration No. 3816.

Order of the Ministry of Taxes and Fees of the Russian Federation No. VG-3-03/500 of September 20, 2002 On the Endorsement of Sample Certificate Form

To implement the provisions of Article 179.1 of Chapter 22 "Excise Taxes" of the Tax Code of the Russian Federation it endorses a sample Certificate Form of registration of person carrying out operations with oil products.

Order of the Ministry of Taxes and Fees of the Russian Federation No. VG-3-22/495 of September 19, 2002 On the Endorsement of Forms of Documents Intended For Easy Taxation System

It endorses forms of documents to be used by organizations and individual businessmen for easy taxation system (chapter 26.2 of the Tax Code of the Russian Federation). The forms include: application for the switch-over to easy taxation system, notice of either being able or unable to apply easy taxation system, notice of deciding not to apply the system and communication of having lost the right to apply easy taxation system.

Order of the Federal Securities Commission No. 109/p of September 11, 2002 On the Endorsement of Temporary Requirements To Magnetic Media and Text Formats of the Issuer's Questionnaire, Decision to Issue Additional Shares, Shares To Be Invested Through Conversion, Bonds Convertible Into Additional Shares, Prospectus of Additional Shares, Shares To Be Invested Through Conversion, Bonds Convertible Into Additional Shares, Changes (Amendments) In the Decision to Issue (Prospectus) Additional Shares, Shares To Be Invested Through Conversion, Bonds Convertible Into Additional Shares and of the Report On the Results of Issuance of Additional Shares, Shares Invested Through Conversion, Bonds Convertible Into Additional Shares, On Magnetic Media

It imposes temporary requirements to the format of information presented on magnetic media coming from the issuer of issued securities in accordance with the Standards of Issuance of Additional Shares, Shares To Be Invested Through Conversion, Bonds Convertible Into Additional Shares and Their Prospectuses endorsed by Decision of the Federal Securities Commission of Russia No. 16/pc of April 30, 2002.

Order of the Ministry of Taxes and Fees of the Russian Federation No. VG-3-03/481 of September 9, 2002 On the Endorsement of Methodological Recommendations On the Application of Chapter 22 "Excise Taxes" of the Tax Code of the Russian Federation (mineral raw material liable to excise tax)

The new Methodological Recommendations have been adopted in place of the Methodological Recommendations on the application of Chapter 22 "Excise Taxes" of the Tax Code of the Russian Federation endorsed by Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-03/441 of December 19, 2000 complete with changes and amendments. The Methodological Recommendations have been prepared with due regard for provisions of the latest Federal laws introducing changes and amendments in Chapter 22 of the Tax Code of the Russian Federation.

Decision of the Government of the Russian Federation No. 715 of September 30, 2002 On Amending Decision of the Government of the Russian Federation No. 1009 of August 13, 1997

The amendment concerns the procedure for signing (endorsement) of statutory legal acts of federal executive authorities. It establishes that individual statutory acts may be signed (endorsed) by first deputy (deputy) heads of the federal body of executive authority who may be entrusted with the management of branch services (blocs) set up within those bodies. The granting of such powers and also a range of issues on which the said persons are authorized to sign (endorse) statutory acts shall be considered at the meeting of the Government of the Russian Federation as suggested by the head of federal executive authority.
The given provisions shall not apply to federal bodies of executive authority the management of which is effected directly by the President of the Russian Federation.

Order of the State Customs Committee of the Russian Federation No. 910 of August 29, 2002 On Amending Order of the State Customs Committee of Russia No. 402 of April 27, 2001

The rates to compute the amount of security for performance of obligations of the importer are supplemented by the following tobacco goods: cigarillas, tobacco for smoking pipes containing or not containing tobacco substitutes in any proportion; smoking tobacco containing or not containing tobacco substitutes in any proportion, except for tobacco used as raw material for industrial production of tobacco products.
Registered with the Ministry of Justice of the Russian Federation in September 30, 2002. Registration No. 3824.

Regulations of the Central Bank of Russia, the Ministry of Finance of the Russian Federation and the State Customs Committee of the Russian Federation No. 192-P/82n/01-100/6 of August 9, 2002 On Introduction of Changes and Amendments in the Regulations On the Procedure For Taking Away and Transfer from and also Bringing and Transfer Into the Russian Federation of Currency of the Russian Federation

The Regulations endorsed by Letter of the State Customs Committee of the Russian Federation, the Ministry of Finance of the Russian Federation and Bank of Russia Nos. 01-23/16223, 11-05-02, 326 of September 6, 1996 have been applied to the taking away from and bringing into the Russian Federation of memorial coins of non-precious metals which are the currency of the Russian Federation.
The Regulations shall take effect upon the expiration of 30 days after its official publication.
Registered with the Ministry of Justice of the Russian Federation in September 30, 2002. Registration No. 3821.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-29/465 of August 29, 2002 On Improving the Work of Tax Bodies In the Application of Measures Towards Compulsory Recovery of Debts

Endorses methods of decision to recover tax, fee and also penalty by using monies of the taxpayer (payer of fees) - whether organization or tax agent of organization available in bank accounts; of claims to pay tax, of tax sanction; of decisions to suspend (to lift suspension of) operations involving accounts of the taxpayer (payer of fees) or tax agent at the bank.
Registered with the Ministry of Justice of the Russian Federation in September 26, 2002. Registration No. 3817.

Decision of the Government of the Russian Federation No. 729 of October 2, 2002 On the Amounts of Compensation for Expenses Connected with Business Trips Across the Territory of the Russian Federation to Employees of Federal Budget Supported Organizations

Expenses shall be compensated in the following amounts:
- for renting of living premises - in the amount of actually sustained expenses supported with relevant documents but of not more than 550 Rbl. per day. In the absence of expenses-supporting documents - 12 Rbl. per day.
- for payment of per diems - in the amount of 100 Rbl. per day of stay on a business trip;
- expenses of travelling to the destination of a business trip and back to the place of regular work - in the amount of actually sustained expenses supported with travel documents but not in excess of the cost of travel by specified categories of individual transport;
The compensation shall be paid by organizations within the limits of funds allotted to them from the federal budget for business trips or (in case the said funds have been fully utilized) by using the savings of funds allotted from the federal budget for their upkeep.
Decision takes effect as from January 1, 2003.

Decision of the Government of the Russian Federation No. 726 of October 2, 2002 On the Endorsement of Regulations On Serving an Administrative Arrest

It determines the procedure of serving an administrative arrest by persons subjected to an administrative arrest in accordance with Part 4 of Article 32.8 of the Code on Administrative Offences.
The arrested persons shall be held in custody in special police detention centers intended for persons arrested by an administrative order. As they are put into special detention centers, the arrested persons shall undergo dactylography and have their photo taken. The arrested persons put into the special detention center for the first time shall be given initial medical checkup.
Upon release from the special detention center the arrestees shall, having served the term of arrest, be given a certificate stating a period of arrest and grounds for release.

Decision of the Government of the Russian Federation No. 724 of October 1, 2002 On the Length of Annual Basic Extended Paid Leave of Absence Granted to the Teaching Staff of Educational Institutions

It establishes a new length of annual basic extended leave with pay granted to the teaching staff of educational institutions depending on the type of educational establishment and position of a teacher.

Decision of the Government of the Russian Federation No. 723 of October 1, 2002 On the Endorsement of General Requirements to the Procedure and Terms of Issuance of Permission to Set up Excise Warehouses and Procedure For Issuance of Regional Special Stamps

The basic condition for issuing a permission to set up warehouses is the possession by an organization of a license to produce (or purchase), keep in storage and deliver alcohol products. Considering the peculiarities of a regional market of alcohol products, the executive authority body of the subject of the Russian Federation has the right to set additional conditions of issuing the permission.
It specifies general requirements to the procedure of issuance of regional special stamps and also requirements to their samples. Stamp-making organizations shall be chosen on a competitive basis. The competition shall be held by the Russian Federation subjects among organizations possessing a license of the Ministry of Finance of the Russian Federation to conduct activities of production of forgery-proof printing industry products, including forms of securities and also to deal in the said products.
The price of the stamp shall include the costs of its making, storage, delivery, a value added tax and also expenses of application thereupon of a bar-code and of undertaking by the subject of the Russian Federation of special protective measures towards the verification of quality and safety of liable-to-stamping alcohol products. The price of the stamp shall not exceed 1(one) per cent of the tax rate of alcohol products with a volume share of ethyl alcohol therein of over 25 per cent as provided under Article 193 of the Tax Code of the Russian Federation. The price of the stamp shall be counted as expenses to be deducted when assessing a profit tax.

Decision of the Government of the Russian Federation No. 740 of October 4, 2002 On the Invalidation of Decision of the Government of the Russian Federation No. 394 of May 21, 2001

It invalidates Decision of the Government of the Russian Federation which imposed a special duty on the importation from the Ukraine of non-ferrous metal pipes.
The Decision shall take effect upon the expiration of one month as from its official publication.

Decision of the Federal Securities Commission No. 31/pc of August 14, 2002 On the Endorsement of Regulations On the Make-up and Structure of Assets of Joint Stock Investment Funds and Assets of Share Investment Funds

It introduces categories of investment funds and sets requirements to the make-up and structure of assets of joint stock and share investment funds depending on the category of fund according to its investment declaration.
The make-up and structure of assets of share and joint stock investment funds shall be brought into line with the endorsed regulations within one year as from the effective date thereof.
Registered with the Ministry of Justice of the Russian Federation in September 27, 2002. Registration No. 3819.

Order of the State Customs Committee of the Russian Federation No. 884 of August 22, 2002 On the Customs Clearance and Customs Control of Goods and Transport Vehicles Shifted Across the Russian-Kazakhstan Border To Ensure the Functioning of Baikonur Complex

The order shall apply to goods and transport vehicles required to ensure the functioning of Baikonur complex. The status of goods shall be confirmed by submitting to the customs border of the Russian Federation guarantee obligations certified with the signature of duly authorized officials of Rosaviakosmos (Russian Air and Space Agency) or of the Ministry of Defence of the Russian Federation and with relevant seals. The customs clearance and customs control of the said goods shall be effected through an easy procedure without submission of licenses and other authorizations of state bodies, without payment of customs duties, dues and taxes for customs clearance, without execution of a procedure of delivery of goods under customs control and also without mandatory putting the said goods into temporary storage warehouses. The goods shall be declared by submitting transport and goods covering documents as a customs declaration. The customs inspection of goods shall be effected in exceptional cases when there ar e sufficient grounds to believe that a specific consignment of goods is being shifted in violation of the customs legislation of the Russian Federation.
Registered with the Ministry of Justice of the Russian Federation in September 27, 2002. Registration No. 3820.

Decision of the Government of the Russian Federation No. 737 of October 4, 2002 On the Contests Among Insurers To Effect Insurance By Using the Funds of Respective Budget

The open contest to select insurers to effect insurance by using the funds of a respective budget shall be held subject to the basic requirements prescribed by the decision. It specifies time intervals for holding contests, procedure of review of documents for availability therein of requisite data, etc.

Decision of the Government of the Russian Federation No. 731 of October 3, 2002 On Amending and Invalidation of Some Decisions of the RSFSR Council of Ministers, RSFSR Government and the Government of the Russian Federation Concerning the State Registration of Legal Entities

In view of putting into effect the federal law On the State Registration of Legal Entities, the Government of the Russian Federation shall bring 106 acts of the RSFSR Council of Ministers, RSFSR Government and the Government of the Russian Federation into line with that law and also invalidate 3 (three) acts. In particular, invalidated is Decision of the RSFSR Council of Ministers No. 327 of June 14, 1991 On the Procedure For Collection of State Duty For the Registration of Enterprises in RSFSR, Decision of the RSFSR Government No. 26 of November 28, 1991 On the Registration of Enterprises With Foreign Investments.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-04/434 of August 14, 2002 On Introduction of Changes and Amendments in the Instructions of the State Tax Service of Russia No. 32 of May 30, 1995 On the Procedure For Assessment and Payment of Tax On Property Transferred As Inheritance Or Gift

Land parcels are to be canceled from a list of objects liable to a tax on property to be transferred as inheritance (both by law and under the will) or as a gift.
It establishes that the tax shall not be levied on the value of apartments transferred as inheritance to 1st and 2nd group invalids.
Registered with the Ministry of Justice of the Russian Federation in October 3, 2002. Registration No. 3835.

Directive of the Central Bank of Russia No. 1196-U of October 1, 2002 On Invalidation of Directive of the Bank of Russia No. 240-U of May 27, 1998 On the Procedure of Formation of the Reserve Under Transactions of Credit Institutions-Residents of the Russian Federation With Legal and Natural Persons-Residents of Latvia

It invalidates Directive of the Bank of Russia containing a requirement to form an increased amount of the reserves under transactions made by Russian credit institutions with Latvia's legal and natural persons.
The Directive shall take effect upon the expiration of 10 days after its official publication in the Bulletin of the Bank of Russia.

Cable of the Central Bank of Russia No. 133-The of October 2, 2002

In the 4th quarter of 2002 the amount of the Ruble equivalent of the charter capital of newly-created credit institutions shall be reduced by approx. 0,11% as against the 3rd quarter of 2002.

Letter of the Ministry of Taxes and Fees of the Russian Federation No. CA-6-22/1497@ of October 2, 2002 On the Application of Paragraph 2 of Article 5 of Federal Law No. 104-FZ of July 24, 2002

Under Paragraph 2 of Article 5 of the Federal Law the amount of the single tax on imputed income calculated over a respective tax (accounting) period in 2002 shall be reduced by the taxpayers by the amount of insurance contributions towards obligatory pension insurance paid in 2002. Moreover, the amount of the single tax may not be reduced by more than 35%.
With the objective to comply with this provision the taxpayers shall present to the tax authorities updated calculations of the single tax for 1st through 3rd quarters of the current year showing the amounts of contributions towards obligatory pension insurance which were paid over those periods.
The tax obligations with respect to the single tax on imputed income for the 4the quarter shall be updated by the taxpayers following the actual payment over the said accounting (tax) periods of calculated amounts of contributions towards obligatory pension insurance.

Letter of the Ministry of Taxes and Fees of the Russian Federation No. ShS-6-21/1377 of September 6, 2002 On the Tax On Property of Enterprises

It clarifies how to calculate a residual value of capital assets for purposes of taxation with a tax on property of enterprises. For purposes of taxation with that tax, the residual value of capital assets shall be such as prescribed under the rules of business accounting.

Letter of the Ministry of Finance of the Russian Federation No. 04-05-06/34 of August 29, 2002

The entities of small business shall, for purposes of business accounting, have the right , when calculating the depreciation of objects of capital assets by declining balance method, to use No. 2 acceleration rate and also to write off as depreciation charges up to 50% of the initial value of capital assets with a service life of over three years.
The depreciation for objects of capital assets taken for accounting prior to January 1, 2002 shall, for purposes of business accounting, continue to be calculated proceeding from the useful life determined upon registration of the object and from a depreciation method chosen by an organization with respect to a group of objects of the same kind.

Federal law No. 120-FZ of October 5, 2002 On Amending the Federal Law On the Prosecutor's Office of the Russian Federation

The prosecutors and investigators shall be provided with state protection not only in case they are prevented from their legitimate activity but also in instances when an attempt is made to force them to alter the nature of that activity or out of revenge for the said activity.
The Federal law shall take effect as from its official publication.

Decree of the President of the Russian Federation No. 1129 of October 5, 2002 On Bringing the Acts of the RSFSR President and the President of the Russian Federation Into Line With the Labor Code of the Russian Federation

The amendments are made to bring the wording of the acts of the RSFSR President and the President of the Russian Federation regarding issues of labor activity into line with the latest provisions of the Labor Code of the Russian Federation which took effect as from February 1, 2002.
The Decree shall take effect as from its signature date.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-09/426 of August 9, 2002 On the Procedure For Putting On a Register With the Tax Authority At the Place of Location of Legal Persons Registered After July 1, 2002

It establishes a procedure for putting on a register of legal persons already created or newly created as a result of re-organization whose state registration took place after July 1, 2002.
The putting on a register of those persons as taxpayers shall be carried out with a tax body at the place of location of a legal person which was created or is newly created as a result of re-organization. Certificate of Registration shall be given (or forwarded) to a legal person within 5 days as from the state registration.
It also establishes a procedure for putting on a register of legal persons who are subject to a special procedure of state registration (trading-industrial chambers, political parties, public organizations, public movements, public funds, public agencies and bodies of public self-activity, religious organizations, credit institutions).
Registered with the Ministry of Justice of the Russian Federation in October 3, 2002.
Registration No. 3830.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-05/469 of August 30, 2002 On Amending Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-05/153 of March 28, 2002

It makes amendments to the procedure for filling-in and submission of individual sheets of calculation of advance payments under insurance premiums towards obligatory pension insurance.
It establishes, in particular, that Sheet No. 1 of the title part of the calculation of advance payments shall be presented by all insurers. As to Sheets Nos. 02-04 of the title part, the insurers shall submit only the sheets which are filled in by them. Sheets Nos. 05-06 shall be submitted by all insurers.
Organizations which made labor contracts and contracts of civil-law nature with natural persons for the performance of work and provision of services and also author's contracts but failed during a reporting period to calculate payments and other remuneration in favor of the natural persons, shall be obligated to submit to tax bodies calculations of advance payments over those reporting periods.
Registered with the Ministry of Justice of the Russian Federation in October 3, 2002. Registration No. 3829.

Letter of the Ministry of Taxes and Fees of the Russian Federation No. 02-5-11/202-AD088 of September 10, 2002 On the Application of Norms of Chapter 25 of the Tax Code of the Russian Federation

It clarifies that the tax legislation of the Russian Federation does not declare it necessary to distribute for purposes of taxation profits of indirect costs between types of activities. The total amount of indirect costs recognized as such during a reporting period shall be counted within the expenses to be considered when assessing a tax base for profit tax over that reporting period, regardless of the fact that no income may be obtained during the reporting period from any of the activities (including in case of no profits whatever from any of the activities during the reporting period). Moreover, the indirect costs shall not include expenses associated with the organization of activity the income from which has not yet been obtained during the reporting period.
Besides, clarifications are provided on the collection of a profit tax in case of directed funding and on the application of privileges earlier established for small businesses.

Federal law No. 121-FZ of October 8, 2002 On Setting up the City-of-Grozny Garrison Military Court and Abolishing the Norilsk Garrison Military Court

The jurisdiction of the newly created City-of-Grozny garrison military court shall extend to the territory of deployment of military garrisons, troops, troop formations and bodies which provide for military service in the Chechen Republic.
The issues of administration of justice which fall under the competence of the abolished Norilsk garrison military court shall be passed over to the Krasnoyarsk garrison military court.
The Federal law shall take effect upon the expiration of ten days after its official publication.

Federal law No. 123-FZ of October 9, 2002 On Amending the Federal law On Civil Defense

It establishes that the President of the Russian Federation shall determine basic aspects of the unified state policy in the sphere of civil defense.
The procedure for evacuation of the population, material and cultural values to safer areas and also the procedure for training the population in the methods of protection against hazards arising in the conduct of military operations or as a result of military operations shall be such as prescribed by the Government of the Russian Federation.
The federal bodies of executive authority, bodies of executive authority of the subjects of the Russian Federation and bodies of local self-government shall be entrusted with the function to create and maintain in permanent readiness systems of warning the population of hazards arising in the conduct of military operations or as a result of military operations.
The Federal law shall take effect as from its official publication.

Decision of the Government of the Russian Federation No. 732 of October 3, 2002 On the 2003-2006 Federal Directed Program "Children of Russia"

It approves a 2003-2006 federal directed program "Children of Russia" comprising subprograms "Healthy Child", "Gifted Children", "Prevention of Neglect and Delinquency Among Minors", Orphaned Children" and "Disabled Children".
The basic goal pursued by the Program is to build up an effective and comprehensive system of state support for children providing for diagnostic, prophylactic and rehabilitation activities, the creation of best possible environment for the vital activity of children suffering a disaster.
The consistent implementation of activities seeking to improve the situation of children is expected to improve the situation of children in the Russian Federation, bring down child's death rate, promote a system of identifying and support of gifted children, reduce the number of offences among minors, etc.

Order of the State Property Ministry of the Russian Federation No. 3070-p of September 2, 2002 On the Endorsement of Tentative Forms of Resolutions To Grant Land Parcels Into Ownership, For Permanent (Without Limit of Time) Use, Uncompensated Time-Limited Use, On Lease and Also of Contracts of Purchase and Sale, On Uncompensated Time-Limited Use and Contracts of Lease of Land Parcels

It endorses tentative forms of:
- the resolution to grant into ownership a state-owned land parcel which is the location of objects of immovable property purchased as ownership by citizens and legal entities;
- the resolution to grant a state-owned land parcel for permanent (without limit of time) use to legal entities;
- the resolution to grant a state-owned land parcel for uncompensated time-limited use to citizens and legal entities;
- the resolution to grant a state-owned land parcel on lease to citizens and legal entities;
- the contract of purchase-and-sale of a state-owned land parcel which is the location of objects of immovable property purchased as ownership by citizens and legal entities;
- the contract on uncompensated time-limited use of a state-owned land parcel;
- the contract of lease of a state-owned land parcel.
Registered with the Ministry of Justice of the Russian Federation in October 3, 2002. Registration No. 3833

Letter of the Ministry of Taxes and Fees of the Russian Federation No. AC-6-06/1403 of September 12, 2002 On the Organization of Supervisory Work Associated With the Audit of Consolidated Financial Reports of Political Parties

It establishes a procedure for organization of supervisory work associated with the taking over and audit of consolidated financial reports of political parties. The audit shall be conducted within six months as from the day of submission by a political party of its consolidated financial report and financial (accounting) reports of their regional branches and other registered structural subdivisions.

Federal law No. 122-FZ of October 9, 2002 On Amending the RSFSR Law On the Competition and Restriction of Monopoly Activities In Commodity Markets

The changes and amendments comprise as follows:
- the strengthening of state control over agreements and coordinated activities of business entities imposing restrictions on the competition;
- the alteration of amounts of aggregate assets in the performance of anti-monopoly control over economic concentration;
- the elaboration of provisions aimed at curbing unfair competition in the introduction in the commercial turnover of means of individualization of legal entities, goods, work and services.
In particular, it forbids business entities operating in the single commodity market (the market of interchangeable commodities) to enter into other agreements or undertake coordinated activities which have resulted or may result in the prevention, restriction, elimination of competition and the impairment of interests of other business entities.
To curb the unfair competition associated with the registration of trade marks (service marks) it introduces norms making it possible to declare activities of the trade mark owner associated with its registration and/or its use to be an act of unfair competition and submit, on that basis, decisions to the federal patent agency for examining the legitimacy of registration of a means of individualization of products (execution of work, provision of services).
It introduces a preliminary state control to be exercised by anti-monopoly bodies over the conclusion between business entities of anti-competitive agreements, especially those seeking to pursue an anti-competitive pricing policy and also to put up obstacles to the entry of competitors into the market.
The Federal law shall take effect as from its official publication.

Decision of the Government of the Russian Federation No. 748 of October 4, 2002 On the Invalidation of Decision of the Government of the Russian Federation No. 216 of April 4, 2002

It invalidates Decision of the Government of the Russian Federation prescribing the procedure for fixing an ultimate ceiling of fluctuations of the market price of work (services) involved in the mastering of natural resources associated with the geological investigation of the sub-soils, prospecting for mineral resources, conduct of operations of a preliminary nature. At present, as is provided under Article 261 of the Tax Code of the Russian Federation, the expenses of acquisition of work (services), geological and other information from third persons, including from state power bodies and also the costs of independent performance of operations involved in the mastering of natural resources shall, for purposes of taxation, be taken in the amount of actually sustained expenses.

Decision of the Government of the Russian Federation No. 747 of October 4, 2002 On Amending Decision of the Government of the Russian Federation No. 1008 of September 4, 1999

It forbids to import into the territory of the Russian Federation alcoholic products, tobacco and tobacco products infringing the relevant marking. The sale of excise stamps to carry out the marking of to-be-imported products shall be effected with due regard for the pre-set terms and restrictions as regards their turnover in the territory of the Russian Federation.

Order of the State Customs Committee of the Russian Federation No. 883 of August 22, 2002 On the Endorsement of Regulations On the Use of Means of Protection of Documents Required For Customs Purposes and of Customs Means of Identification of Goods Shifted By Motor Vehicles Under Customs Control

The customs bodies shall be entitled to use, as a means of protection of documents required for customs purposes and as customs means of identification of goods, as follows:
- imprints of seals and stamps affixed on documents used in customs clearance and customs control;
- special labels;
- special protective devices;
- placing documents required for customs purposes into cargo departments of transport vehicles.
The Order shall take effect upon the expiration of thirty days after its official publication.
Registered with the Ministry of Justice of the Russian Federation in October 7, 2002.
Registration No. 3838.

Directive of the Central Bank of Russia No. 1186-U of August 14, 2002 On the Payment of the Charter Capital of Credit Institutions By Using the Funds of Budgets of All Levels, State Extra-Budgetary Funds, Free Pecuniary Resources and Other Objects of Ownership Being Under the Competence of State Power Bodies and Bodies of Local Self-Administration

It establishes a procedure for payment of the charter capital of credit institutions by using the funds of budgets of all levels, state extra-budgetary funds, free pecuniary resources and other objects of ownership being under the competence of state power bodies and bodies of local self-administration.
The Directive shall take effect upon the expiration of 10 days after its official publication in the Bulletin of the Bank of Russia.
Registered with the Ministry of Justice of the Russian Federation in October 7, 2002. Registration No. 3837.

Order of the Ministry of Finance of the Russian Federation No. 74n of July 31, 2002 On the Organization of the Contest To Identify an Agent, Depositary and Trader Servicing the Market of Government Savings Bonds

The organizer of an open contest to identify an agent, depositary and trader servicing the market of government savings bonds is the Ministry of Finance of the Russian Federation.
The Order defines the requirements to participants in the contest and procedure for submission of documents for the contest. In particular, it establishes that participants in the contest may not include organizations which are affiliated persons in relation to the contest organizer and officials of the contest organizer incorporated as members of the contest board.
Registered with the Ministry of Justice of the Russian Federation in October 3, 2002.
Registration No. 3834.

Decision of the Government of the Russian Federation No. 755 of October 11, 2002 On the Endorsement of List of Facilities and Organizations Which Have No Right to Employ Foreign Nationals

Foreign nationals may not be employed at:
- facilities and organizations of the Armed Forces of the Russian Federation, other troops and troop formations;
- structural subdivisions for protection of state secrets and subdivisions carrying out the work associated with the use of data constituting a state secret, of bodies of state authority and organizations;
- organizations comprising within their structure radiation and nuclear hazardous production facilities and facilities engaged in development, production, operation, storage, transportation and utilization of nuclear weapons, radiation hazardous materials and products.

Decision of the Government of the Russian Federation No. 754 of October 11, 2002 On the Endorsement of List of Territories, Organizations and Facilities To Enter Which Foreign Nationals Must Have a Special Permission

The said list includes territories:
- of closed administrative-territorial units;
- subject to regulated regime of visits by foreigners;
- subject to the state of emergency or martial law;
- which may, in case of a hazard of dissemination of infectious and mass non-infectious diseases and poisoning of people, be subject to special conditions and regime of stay;
- closed military settlements.
The list shall also include the following zones, organizations and facilities:
- zones of counter-terrorist operations;
- zones of ecological disaster;
- border zone;
- facilities and organizations of the Armed Forces of the Russian Federation, other troops and troop formations;
- facilities which are the seat of bodies of state authority and other bodies and organizations carrying out the work associated with the use of data constituting a state secret;
- other territories, organizations and facilities the visit to which requires Russian nationals to have a special permission.

Decision of the Government of the Russian Federation No. 753 of October 10, 2002 On Licensing the Activities Associated With the Sale of Rights To Club-Type Recreation

It establishes a procedure for licensing the activities associated with the sale to legal entities and individual businessmen of the right to use, for purposes of tourism and recreation within a specified period and at a specified time of the year, objects of realty belonging to them with the right of ownership or rent which are a means of accomodation of tourists and/or the site of provision of tourist services.
The licensing shall be the competence of the Ministry of Economic Development of the Russian Federation. Licenses shall valid for 5 (five) years.

Decision of the Government of the Russian Federation No. 752 of October 10, 2002 On Amending the State Program of Repayment Within 2001-2004 of the State Domestic Debts of the Russian Federation Under Government Debt Commodity Obligations

The repayment of directed payment checks with the right to acquire passenger cars in 1993-1995 and of valid directed deposits towards the acquisition of passenger cars which are held by citizens who have been victims of the flood during the 2001 spring flood on the Lena River which were issued (opened) directly to them by branches of the Savings Bank of the Russian Federation shall be effected by the said bank in the order of high priority.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-02/480 of September 9, 2002 On the Introduction of Changes and Amendments No. 1 to the Instructions On the Filling-in of Declaration On the Profit Tax of Organizations Approved by Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-02/585 of December 29, 2001

The substantial and numerous amendments in the instructions on the filling-in profit tax declaration reflect innovations made to Chapter 25 of the Tax Code of the Russian Federation in accordance with Federal law No. 57-FZ of May 29, 2002 and amendments which were made to the form itself of the said tax declaration by Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-02/358 of July 12, 2002.
Registered with the Ministry of Justice of the Russian Federation in October 8, 2002. Registration No. 3843.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-23/470 of September 2, 2002 On the Endorsement of Instructions On the Filling-in of Land Tax Declaration

It establishes a procedure for filling-in land tax declaration whose form has been approved by Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-21/197 of April 12, 2002 and which is binding upon organizations recognized as taxpayers of a land tax.
The land tax declaration shall be presented by taxpayers of a land tax to tax bodies at the place of location of land plots recognized as objects of taxation.
Registered with the Ministry of Justice of the Russian Federation in October 8, 2002.
Registration No. 3842.

Decision of the Government of the Russian Federation No. 749 of October 4, 2002 On the Contests Among Duly Accredited Educational Institutions of Higher Professional Learning To Fulfill the Government Task of Training Specialists With Higher Professional Education

It defines uniform requirements to the conditions of competitive placement of the government task of training specialists with higher professional education. In conducting the contest, due account shall be taken of regional and sectoral demand for specialists with higher professional education and also the availability at a higher educational establishment of a targeted contract-based program of training specialists.

Letter of the Pension Fund of Russia No. KA-16-19/6031 of July 5, 2002 On the Exemption From the Single Social Tax and Insurance Premiums Towards Obligatory Pension Insurance

Under Item 3 of Article 245 of the Tax Code of the Russian Federation, the federal courts and bodies of the prosecutor's office shall not include in the tax base for computing the tax payable to the federal budget amounts of monetary upkeep of judges, prosecutors and investigators holding special titles. The provision of that Article shall not apply to constitutional (charter) courts and justices of the peace of the subjects of the Russian Federation. However, under the law On Justices of the Peace in the Russian Federation the said justices of the peace shall be subject to the guarantees of material support and social protection envisaged under the Law of the Russian Federation On the Status of Judges in the Russian Federation.
Similar is the situation with the scientific and teaching staff of the bodies of the prosecutor's office of the Russian Federation.
Thus, the exemption of the said categories from payment of the single social tax and insurance premiums towards obligatory pension insurance may be solved only by making amendments to Article 245 of the Tax Code of the Russian Federation.

Regulations of the Central Bank of Russia No. 191-P of July 30, 2002 On the Consolidated Financial Statements

It endorses a new procedure for preparation of consolidated financial statements by credit institutions, submission of same to the Bank of Russia and also for using the data of the consolidated financial statements in the exercise of banking supervision.
The Regulations shall take effect upon the expiration of 10 (ten) days following its official publication in the Bulletin of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation in October 11, 2002.
Registration No. 3857.

Order of the Public Health Ministry of the Russian Federation No. 238 of July 26, 2002 On the Organization of Licensing of Medical Activities

The Order approves a nomenclature of work and services in the provision of relevant medical aid and the Regulations on the Central Board of the Public Health Ministry of the Russian Federation on Licensing of Medical Activities.
The nomenclature includes such activities as before-doctor aid, emergency and first medical aid, aid provided by out-patient departments and polyclinics, sanatoria, health resorts, hospitals and also other work and services.
Registered with the Ministry of Justice of the Russian Federation in October 11, 2002.
Registration No. 3856.

Order of the Ministry of Finance of the Russian Federation No. 77n of August 5, 2002 On the Report On the Make-Up of Shareholders (Participants) of the Insurance Organization

It endorses a form of the Report on the make-up of shareholders (participants) of the insurance organization (form No. 1-U) and instructions on filling it in.
The report shall be submitted by insurance organizations to the Ministry of Finance of the Russian Federation not later than on the 10the of January of the year following a year under review, on paper media and in electronic form as a set of files. The requirements set to the structure of the files shall be such as prescribed by the Ministry of Finance of the Russian Federation.
The report shall comprise data on the make-up of shareholders (participants) of the insurance organization as on the beginning and end of the year under review. The year under review shall imply a calendar year as from January 1 through December 31.
The Order shall be put into effect as from the report for 2002.
Registered with the Ministry of Justice of the Russian Federation in October 11, 2002. Registration No. 3861.

Decision of the Federal Economic Commission of the Russian Federation No. 62-z/1 of September 20, 2002 On the Endorsement of Methodological Instructions On Assessing the Amount of Pay Due For Services Involved In Ensuring the Systems Reliability Provided By the Systems Operator To Subjects of the Wholesale Market and List and Terms of Payment of Services Involved In Ensuring the Systems Reliability Provided by the Systems Operator To Subjects of the Wholesale Market

It defines the methodology of assessing the pay due for services involved in ensuring the systems reliability provided by the Open Joint Stock Company "Systems Operator - Central Controller's Department of the Uniform Energy Systems" (hereinafter referred to as OAO "SO-CDU EES") as specified under the List and terms of payment for services involved in ensuring the systems reliability provided by OAO "SO-CDU EES" to subjects of the wholesale market.
Registered with the Ministry of Justice of the Russian Federation in October 11, 2002.
Registration No. 3859.

Decision of the Labor Ministry of the Russian Federation No. 61 of August 16, 2002 On the Endorsement of Interindustry Working Safety Rules In the Operation of Water-Supply and Sewerage Facilities

The interindustry rules prescribe basic requirements to the labor safety of workers engaged in the operation of water-supply and sewerage systems which are the same to all organizations of whatever form of ownership, organizational set-up or status in law. The rules shall be applicable across the territory of the Russian Federation and shall be taken into account in the reconstruction and engineering re-tooling of organizations engaged in the operation of water-supply and sewerage facilities, the performance of repairs of water-supply and sewerage systems, the organization of technological processes and operations.
Proceeding from the Rules, the heads of respective structural subdivisions of the organization shall prepare workmen's labor safety instructions to be approved by order of the employer by agreement with a respective trade union or other representative body duly authorized by the workers.
The Rules shall take effect as from January 1, 2003.
Registered with the Ministry of Justice of the Russian Federation in October 9, 2002. Registration No. 3847.

Order of the Committee of the Russian Federation For Financial Monitoring No. 62 of September 3, 2002 On the Endorsement of Instructions On the Submission to the Committee of the Russian Federation For Financial Monitoring of Information Specified Under Federal law No. 115-FZ of August 7, 2001 On the Prevention of Legalization (Laundering) of Criminally Derived Incomes

It prescribes a single format of submission by professional participants in the securities market, insurance and leasing companies, organizations of postal and cable communication and other non-credit institutions effecting transfer of monies and also by pawn shops of information on transactions with monetary funds or other property liable to obligatory control and associated with the legalization (laundering) of criminally derived incomes.
The Instructions shall take effect upon the expiration of 10 (ten) days as from its official publication. The organizations which have submitted information to the Committee of the Russian Federation For Financial Monitoring prior to that date, shall not be required to re-submit said information.
Registered with the Ministry of Justice of the Russian Federation in October 11, 2002.
Registration No. 3860.

Instructions of the Central Bank of Russia No. 102-I of July 22, 2002 On the Rules of Issuance and Registration of Securities By Credit Institutions In the Territory of the Russian Federation

It establishes procedures for registration and issuance into circulation of shares and bonds by credit institutions.
The state registration with the Department for Licensing the Activity and Financial Improvement of Credit Institutions of the Bank of Russia and territorial departments of the Bank of Russia shall apply to all and any issues of securities regardless of amount of the issue and number of investors.
It determines a procedure for making up quarterly report on securities after a form approved by the instructions and also a procedure for submission of data on significant events and actions affecting the financial and commercial activity of the credit institution which is an issuer.
It prescribes a procedure for keeping accounts of transactions associated with the formation of the charter capital of credit institutions.
The Instructions shall take effect upon the expiration of 10 (ten) days after its publication in the Bulletin of the Bank of Russia.
Registered with the Ministry of Justice of the Russian Federation in October 9, 2002.
Registration No. 3852.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/05-6492 of September 10, 2002 On the Application of Item 7 of the Procedure for Assessing Average Wages to Pay Leave Allowances and for Assessing Temporary Disability, Maternity and Birth Allowances

Item 7 of the said Procedure establishes that in case of an increase in labor remuneration within an organization, payments counted within a settlement period when assessing average wages and salaries shall be brought up by a coefficient of increase in tariff rates, official salaries, monetary remuneration.
As from July 1, 2002, there have been new terms of labor remuneration of employees of the Fund without an increase in tariff rates and official salaries. In that connection, Item 7 of the above Procedure may not be applied when assessing average wages of employees of the Fund to pay leave allowances and compensations for the unused leave of absence.
It also clarifies some issues of assessment of temporary disability, maternity and birth allowances in view of the introduction of new terms of labor remuneration in respect of the said categories of persons.

Decision of the Government of the Russian Federation No. 760 of October 16, 2002 On the Subprogram "Provision of Housing to Participants in the Liquidation of Consequences of Radiation-Inflicted Accidents and Catastrophes" Incorporated As Part of the 2002-2010 Federal Directed Program "The Housing"

It defines basic activities and mechanisms of implementation of the subprogram whose goal is to ensure the exercise of legislatively declared rights of individual categories of citizens. The subprogram is expected to provide housing by using the federal budget funds to no less than 3,4 thousand families of participants in the liquidation of consequences of radiation-inflicted accidents and catastrophes, of citizens who were evacuated (re-settled) or voluntarily moved out of settlements affected by radioactive contamination caused by radiation-inflicted accidents and catastrophes and of citizens of high-risk categories.

Decision of the Government of the Russian Federation No. 756 of October 11, 2002 On Undertaking in 2002-2003 of Governmental Purchasing Interventions To Regulate the Market of Grain

With the objective to support Russia's agricultural producers and to regulate the market of grain in 2002-2003 provision is made for the governmental purchasing interventions with respect to the 3rd and 4th class soft food-grade wheat and A-group food-grade rye of the 2002 harvest produced in the territory of the Russian Federation.
It fixes the levels of prices to be used in purchasing the grain from Russia's agricultural producers.

Order of the Ministry of Internal Affairs of the Russian Federation No. 971 of October 9, 2002 On the Endorsement of the Procedure for Granting to Involuntary Re-Settlers of Uncompensated Subsidies Towards the Construction or Purchasing of Housing

It establishes the rules on granting to involuntary re-settlers of an uncompensated subsidy towards the construction or purchasing of housing by using the federal budget funds. The subsidy shall be granted to involuntary re-settlers by divisions for affairs of migration under interior ministries, chief administrations, interior departments of the subjects of the Russian Federation by order of priority under a consolidated list of involuntary re-settlers put on the register with the bodies of local self-administration as those in need of the improvement of housing conditions (or permanent housing).
Registered with the Ministry of Justice of the Russian Federation in October 11, 2002. Registration No. 3863.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-04/566 of October 14, 2002 On the Endorsement of Form of Tax Notice of Payment of Transport Tax By Individuals and On the Introduction of Changes and Amendments Into Order of the Ministry of Taxes and Fees of the Russian Federation No. AP-3-08/326 of October 14, 1999

It endorses a form of tax notice of payment of a transport tax by individuals. The notice indicating the amount of tax shall be delivered to the said category of taxpayers not later than June 1 of the year of a respective tax period. Under Article 362 of the Tax Code of the Russian Federation the time-limits for payment of a transport tax shall be fixed under the laws of the subjects of the Russian Federation.
The order also gives a new wording of the form of tax notice of payment of tax on individuals' property and also tax on property being passed by inheritance or as a gift.

Directive of the Central Bank of Russia No. 1197-U of October 14, 2002 On the Invalidation of Individual Statutory Acts of the Bank of Russia

In view of the adoption of Instructions of the Bank of Russia On the Rules of Issuance and Registration of Securities By Credit Institutions In the Territory of the Russian Federation No. 102-I of July 22, 2002, it invalidates Instructions of the Bank of Russia No. 8 of September 17, 1996 and amendments thereof.

Letter of the State Customs Committee of the Russian Federation No. 01-06/39049 of September 30, 2002 On Provision of Methodological Recommendations

It provides methodological recommendations on classifying administrative offences in the sphere of customs business (violations of customs regulations ) envisaged under Chapter 16 of the Code on Administrative Offences of the Russian Federation.
The recommendations offer a characteristic of elements of administrative offences without investigating the content of the subjective aspect of offences committed by individuals as not a single one of the elements under review contains special requirements as regards a form of the guilt of the individual.

Order of the President of the Russian Federation No. 1205 of October 18, 2002 On the Release and Realization of Movable Property That Is In Operative Administration of Some Bodies, Agencies and Enterprises

It prescribes the realization of the movable property that has become morally obsolete or is not used according to its designation or is unused or put out of operation that is in operative administration of bodies of internal affairs of the Russian Federation, agencies and treasury enterprises incorporated within the system of the Ministry of Internal Affairs of the Russian Federation, the State Fire-Fighting Service of the Emergency Situations Ministry of the Russian Federation, institutions and bodies of the crime-fighting and penalty execution system of the Ministry of Justice of the Russian Federation, federal bodies of the tax police, customs bodies of the Russian Federation and bodies of the federal courier service.
The said bodies have been entrusted with a task to conduct in 2002 stock-taking and check-up of the use of the movable property that is in operative administration.

Order of the State Fishery Committee of Russia No. 392 of October 4, 2002 On Amending the List of To-Be-Licensed Types of Activities Related to Industrial Fishery and Fish-Farming

It cancels from the list Item "Taking Over and Transportation of Catches of Fish, Other Water Animals and Plants, Products of Their Processing, Other Ship-Born Cargoes, All Types of Servicing in the Sea of Fish-Catching Vessels and Also the Towing of Floating Objects By Vessels Registered with Marine Fishing Ports.
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002. Registration No. 3866.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-05/547 of October 8, 2002 On the Introduction of Changes and Amendments into Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-05/49 of February 1, 2002

The amendments into the procedure for filling-in the estimation of advance payments under the single social tax on persons making payments to individuals reflect the changes in the tax legislation made in connection with the adoption of Federal law No. 104-FZ of July 24, 2002. In particular, account is taken of the provision to the effect that the taxpayers who were switched over to the single tax on imputed income in respect of certain types of activity are exempt from payment of the single social tax. It specifies a procedure for filling-in the Estimation to taxpayers who are conducting, along with the business activity liable to the single tax on imputed income, also other types of business activity.
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002 Registration No. 3865.

Decision of the Federal Securities Commission No. 36/pc of September 11, 2002 On Additional Requirements to the Procedure for Preparation, Convocation and Holding of the General Meeting of Holders of Investment Shares of the Close-End Investment Company

The preparation, convocation and holding of the general meeting shall be in compliance with the Law On Investment Funds and the rules of entrusted management of the close-end investment company.
The general meeting of holders of investment shares of the close-end investment company may be held as a meeting (the joint presence of holders of investment shares to discuss issues on the agenda and to take decision on issues put to the voting) or as absentee voting.
It also establishes additional requirements to the procedure for preparation and convocation of the general meeting, additional requirements to the procedure for holding a general meeting, requirements to the general meeting's protocol.
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002. Registration No. 3875.

Regulations of the Central Bank of Russia No. 197-P of September 19, 2002 On the Procedure for Submission of Information On Banker's Holding Companies

For purposes of submitting to the Bank of Russia information on banker's holding companies, the Superior Organization (Managing company) shall prepare a list of participants in the holding company which shall include the data listed in the Regulations.
Not later than within three months as from the effective date of the Regulations the Superior Organization (Managing Company) of the banker's holding company shall be obligated to compile and forward to the Department for Licensing the Activity and Financial Improvement of Credit Institutions of the Bank of Russia a primary list of participants. In case of introduction of amendments, an actual list of participants shall be presented both on paper medium and in electronic format after a form attached.
The Regulations shall take effect upon the expiration of 10 days as from its official publication in the Bulletin of the Bank of Russia.
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002. Registration No. 3874.

Decision of the Federal Securities Commission No. 35/pc of September 11, 2002 On the Registration of Rules of Entrusted Management of Investment Companies and of Amendments and Changes Therein

It determines the procedure for registration by the Federal Securities Commission of the rules of entrusted management of investment companies, amendments and changes of those rules and also sets requirements to the content and structure of documents to be submitted for registration.
The documents to register the rules shall be submitted on paper media in one copy, except for the rules of entrusted management of the investment company (amendments and changes therein) which shall be presented in duplicate. The texts of the rules of entrusted management shall also be presented on a single magnetic medium.
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002. Registration No. 3868.

Decision of the European Courts of Human Rights (Third Section) "Case "Kalashnikov versus the Russian Federation" (Complaint No. 47095/991)" (Strasbourg, July 15, 2002)

This Decision is a final judgement in the case "Valeriy Kalashnikov versus the Russian Federation". Let us remind you that ex-president of the North-Eastern joint stock bank V.Ye. Kalashnikov (charged with the appropriation of monetary funds) was the first Russian citizen whose case was taken over by the European court for consideration on its merits. In July 15, 2002 the Court admitted that in case of Kalashnikov the violation was made of provisions of three Articles of the European Convention on the Protection of Human Rights, viz.: Articles 3 banning tortures and inhumane treatment (appeal was made against the unsatisfactory conditions of detention in the pretrial detention facility), Article 5 (Part 3) declaring the right of citizens to have judicial proceedings within a reasonable time period or a release pending trial (Kalashnikov spent more than 4 (four) years in the pretrial detention facility) and Article 6 guaranteeing the right to a fair trial.
Under the Decision, the Russian Federation is obligated to pay out to citizen Kalashnikov Euro 8(eight) thousand (out of which Euro 5000 as a compensation for the moral damage and Euro 3000 as a compensation for judicial costs).

Decree of the President of the Russian Federation No. 1209 of October 21, 2002 On Bringing the Acts of the RSFSR President and the President of the Russian Federation Into Line With Federal law No. 129-FZ of August 8, 2001 On the State Registration of Legal Entities

In view of the entry into effect as from July 1, 2002 of the Federal law On the State Registration of Legal Entities it makes amendments to several acts of the RSFSR President and the President of the Russian Federation. Besides, some acts are declared to be invalid.
The law shall take effect as from July 1, 2002.

Decision of The Government of the Russian Federation No. 768 of October 23, 2002 On the Alteration of Time-Limits For Filing an Application For the Right To Restructure the Debts of Some Legal Entities

The restructuring of credit indebtedness of key providers and providers of the governmental defense order in respect of taxes and fees and also of accrued penalties and fines vis-a-vis the federal budget shall effected through a gradual repayment of debts accrued as on January 1, 2002 - in case of filing an application prior to November 1, 2002.
Earlier, the application was to be filed by the said entities prior to April 1, 2002.

Decision of the State Construction Committee of the Russian Federation No. 123 of September 17, 2002 On the Adoption of Building Norms and Regulations of the Russian Federation "Labor Safety In Construction. Part 2. Building Industry"

It introduces as from January 1, 2003 Building Norms and Regulations 12-04-2002 applicable to the execution of civil engineering and special-purpose construction operations involved in the new construction, expansion, reconstruction, technological re-tooling, overhauls of buildings and structures.
It declares to be invalid in the territory of the Russian Federation as from January 1, 2003 Decision of the USSR State Construction Committee No. 82 of June 9, 1980 in so far as it concerns Sections 8-18 of the Building Norms and Regulations III-4-80* "Safety Engineering in Construction" and also several Gosts incorporated as part of the system of labor safety standards (SSBT).
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002. Registration No. 3880.

Decision of the Government of the Russian Federation of October 24, 2002 On Endorsement of the Rules of Spending Federal Budget Funds On Activities Associated with Deportation or Administrative Expulsion of Foreign Nationals and Stateless Persons Outside the Russian Federation When It Is Impossible to Identify the Inviting Party

The funding of activities associated with deportation or administrative expulsion of foreign nationals and stateless persons shall be effected by the Ministry of Internal Affairs of the Russian Federation and the Federal Border Service of the Russian Federation by using the funds earmarked in the federal budget for a respective year. The said funds shall be used to buy travelling documents to the deportees or to-be-expelled persons, keep them in specially assigned premises pending the enforcement of the decision on deportation or administrative expulsion, to carry out other actions.

Directive of the Central Bank of Russia No. 1190-U of September 2, 2002 On Business Accounting of Transactions of Granting and Repayment of Loans of the Bank of Russia (intra-day loans, overnight loans and collateral loans) At Credit Institutions

It establishes a procedure for maintaining accounts by credit institutions of accrued and overdue liabilities of the bank with respect to the loans received from the Central Bank of Russia and also of record-keeping of securities passed over as a collateral for the loans received.
The Directive shall take effect as from January 1, 2003.
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002. Registration No. 3879.

Order of the State Customs Committee of the Russian Federation No. 1022 of September 23, 2002 On Places of Delivery, Customs Clearance and Temporary Storage of Excise-Liable Goods To Be Marked With Excise Stamps

It lists the customs bodies which are the places of delivery and customs clearance of excise-liable goods to be marked with excise stamps. The order shall not apply to the goods placed under a duty-free shop regime or imported by individual categories of foreigners enjoying customs privileges in accordance with Section VII of the Tax Code of the Russian Federation or imported by individuals not for production or other commercial purposes.
Registered with the Ministry of Justice of the Russian Federation in October 18, 2002. Registration No. 3869.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-14/359 of September 16, 2002 On Business Accounting of the Fixed Assets Following the Entry Into Effect of Chapter 25 of the Tax Code of the Russian Federation

All and any objects of business accounting which, prior to the entry into effect of Chapter 25 of the Ministry of Taxes and Fees of the Russian Federation, used to be treated as part of the fixed assets shall, for purposes of accounting, remain to be a part of the fixed assets until their withdrawal (sale, uncompensated assignment, moral or physical wear-out) regardless of their value and the remaining period of useful utilization.
Upon the entry into effect of Chapter 25 of the Tax Code of the Russian Federation the above objects of the fixed assets shall be excluded from the make-up of depreciable assets provided their initial (restored) value totals Rbl. 10 000 (ten thousand) Rubles (inclusive) or the period of operation is less than 12 months.
The mechanism of inclusion in the makeup of expenditures of amounts to be written off as a lump-sum for purposes of taxation in the formation of a tax base of the transitional period shall be such as provided under Article 19 of the federal law No. 110-FZ of August 6, 2001.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-14/369 of September 20, 2002 On the Procedure For Accounting of Funds Received By Organizations From the Federal Budget

For purposes of business accounting, the amounts of budgetary funds to finance research and development work shall be written off account 96 "Directed Funding and Revenues" (as from 2001 - 86 "Directed Funding") to the credit of account 46 "Realization of Products (Work, Services)" (as from 2001 - 90 "Sales") as the value of work which has been executed is written off.
In utilizing the budgetary funds received in 2000 to hold the international scientific and technological conference, the amounts of actual expenses associated with the implementation of that event shall be written off the credit of respective accounts to the debit of account 96 "Directed Funding and Revenues".

Federal Law No. 126-FZ of October 25, 2002 On the Introduction of Changes and Amendments into the Federal Law On the 2002 Federal Budget

The Government of the Russian Federation has the right to use the balance of the federal budget funds accrued as on January 1, 2002 in connection with the incomplete utilization by the Ministry of Agriculture of the Russian Federation of the scope of funding, in the amount of Rbl. 500,0 million to provide subventions to finance the activities involved in the purchasing interventions for food grain.
The federal law shall take effect as from its official publication.

Federal Law No. 125-FZ of October 25, 2002 On Housing Subsidies to Citizens Moving Away From Areas of the Far North and Localities Equated Thereto

The law specifies the conditions for granting and a procedure for fixing the amount of housing subsidies allocated from the federal budget funds to citizens of the Russian Federation moving away from areas of the Far North and localities equated thereto and also to citizens who have left the said areas and localities not earlier than January 1, 1992.
The housing subsidies shall be granted to citizens whose aggregate length of service in the said areas and localities is not less than 15 calendar years, who have no housing in other regions of the Russian Federation or who are in need of improving their housing conditions and who have not received subsidies for those purposes. The right to receive the subsidies shall also belong to first and second group invalids whose disability occurred as a result of injury at work and whose work record is less than 15 calendar years.
The amount of housing subsidies shall be fixed proceeding from the makeup of the family, social norm of the living floor space, average market cost per square meter of the aggregate floor space in the region of residence and a norm of granting housing subsidies depending on the length of service in areas of the Far North and localities equated thereto.
As from January 1, 2002 invalid is federal law No. 131-FZ of July 25, 1998 On Housing Subsidies to Citizens Moving Away From Areas of the Far North and Localities Equated Thereto.
The federal law shall take effect as from January 1, 2003.

Federal Law No. 124-FZ of October 25, 2002 On the Ratification of Protocol to the Agreement On the Amount of the Governmental Duty and Procedure for Its Collection When Considering Commercial Disputes Between Business Entities of Various States of December 24, 1993

It ratifies the Protocol signed in the city of Minsk in June 1, 2001.

Decision of the Government of the Russian Federation No. 772 of October 24, 2002 On Amending the Standard Rules of Entrusted Administration of the Interval Investment Fund Endorsed by Decision of The Government of the Russian Federation No. 684 of September 18, 2002

The Standard Rules are supplemented with the provision to the effect that the name of the company shall be indicated depending on the makeup of its assets.
Under amendments to be made, the remuneration shall be paid by using the assets of the fund not only to the auditor but also to the appraiser.
Amendments of a technical nature shall be made to the list of obligatory data to be included in the form of application for the purchase, repayment or exchange of the fund's investment shares.

Federal Law No. 127-FZ of October 26, 2002 On Insolvency (Bankruptcy)

The new Federal law contains several substantial amendments in the field of legislative regulation of bankruptcy procedures with regard to:
- ensuring the rights and legitimate interests of creditors;
- protection of the rights of bona-fide owners (founders, participants) of the indebted organization;
- alteration of a status of and procedure for regulation of activities of the administrator in bankruptcy;
- establishment of requisite peculiarities of bankruptcy of individual categories of debtors.
It also expands the circle of legal entities which may be declared insolvent (bankrupt). It fixes the amounts of monetary claims against debtors the presence of which makes it possible to initiate a case for bankruptcy (against the debtor which is a legal person, in the aggregate - of no less than one hundred thousand Rubles, against the debtor who is an individual - of no less than ten thousand Rubles).
It solves the issue of priority in satisfying the claims of creditors secured with a pledge subject to the observance of rights of employees and socially vulnerable categories of citizens. The creditors whose claims are secured with a pledge are vested with the right of priority in receiving the funds in case of realization of the object of pledge. Moreover, the claims that may not be satisfied through the realization of the object of pledge shall be met by generally accepted procedure on equal terms with other creditors of the third priority order.
It provides for ahead-of-time settlements with creditors in the course of administration in bankruptcy.
It has improved the procedure for making an amicable settlement: it provides for a possibility to dissolve an amicable settlement in the event the conditions envisaged therein are worse to the creditors as compared with those stipulated under the law, it has detailed the procedure and consequences of appealing the amicable settlement and those of its dissolution.
It has improved the procedure for selling debtor's property. It provides for obligatory conduct of a public tender for selling the debtor's property with the initial selling price of the debtor's property put up for the tender to be fixed by an independent appraiser.
The law introduces a new reorganization procedure - financial improvement which should, given certain conditions, make it possible for the founders (participants) of the debtor to retain control over the business even in the conditions of starting a case for bankruptcy.
It provides for a possible return from bankruptcy proceedings back into administration in bankruptcy, given a real possibility of solvency restoration, for an additional issuance of shares in the course of administration in bankruptcy provided there is a consent thereto of the owner of the debtor.
It specifies the peculiarities of bankruptcy of individual categories of debtors, such as organizations of defence industry, town-forming, agricultural, financial organizations and subjects of natural monopolies. With respect of organizations which are subjects of natural monopolies, the amendments shall take effect as from January 1, 2005.
As from the effective day of the Federal law, there shall be invalidated Federal law No. 6-FZ of January 8, 1998 On the Insolvency (bankruptcy) and as from January 1, 2002 - Federal law No. 122-FZ of January 24, 1999 On the Peculiarities of Insolvency (Bankruptcy) of Subjects of Natural Monopolies of the Fuel and Energy Complex.
The federal law shall take effect upon the expiration of thirty days as from its official publication, except for some exclusions.

Federal Law No. 129-FZ of October 28, 2002 On Amending the Federal Law On the Protection of the Population and Territories Against Emergency Situations of Nature- and Technology-Inflicted Character

The amendments provide for the obligation of organizations to carry out the training of its employees into the means of protection and activities under emergency situations. It also requires that the heads and other officials of state administration structures, bodies of local self-administration and organizations shall undergo training in activities under emergency situations at institutions of secondary and higher professional education, institutions of advanced training, courses and facilities of professional re-orientation and at other institutions possessing a relevant license and also directly at their workplace.
The federal law shall take effect as from its official publication.

Federal Law No. 128-FZ of October 28, 2002 On the Ratification of Agreement On the Provision of Flights of the Aviation of the Armed Forces of Member-States of the Commonwealth of Independent States With Air-Navigation Information

It ratifies the Agreement signed in January 25, 2000 in Moscow.

Decision of the Government of the Russian Federation No. 776 of October 28, 2002 On Amending Decision of the Government of the Russian Federation No. 912 of July 21, 1997

The amount of the monthly increment in consideration for the complexity, intensity and high performance results at work to employees holding the positions not classified as governmental posts who are performing the technical support of activities of federal governmental bodies shall fixed in the range from 50 up to 100% of their official salary (earlier - up to 50% of the official salary).
The decision shall take effect as from November 1, 2002.

Federal Law No. 132-FZ of October 30, 2002 On Amending Article 1 of the Federal law On the Protection of Rights of Legal Entities and Individual Businessmen In the Exercise of Governmental Control (Supervision)

It withdraws from the sphere of application of the Federal law the relationships associated with the exercise of control of ensuring the protection of state secrets.
The federal law shall take effect as from the date of its official publication.

Federal Law No. 131-FZ of October 30, 2002 On the Introduction of Changes and Amendments In the Federal Law On Countering the Legalization (Laundering) of Illegally Derived Incomes

The Federal law is supplemented with norms providing for the use of available legal mechanisms to counter the funding of terrorism. The obligatory control shall apply to transactions with monetary funds or other assets when even one of the parties to such transactions is an individual or a legal person in respect of which data is available on their participation in the extremism activities.
A list of organizations required to furnish information on financial transactions to the duly authorized body has been expanded at the expense of organizations dealing in precious metals and gems, engaged in game business and also carrying out the management of investment and non-governmental pension funds. Consequently, the makeup of transactions subject to obligatory control shall include transactions with precious metals and gems and also payment of monetary funds as winnings.
The credit institutions are given the right to refuse individuals or legal persons to conclude bank account (deposit) contracts.
The organizations conducting transactions with monetary funds or other assets are given the right to refuse customers to conduct transactions under which no relevant documents have been presented.
It also establishes a procedure for suspension of transactions with monetary funds or other assets in case there arise suspicions about those transactions being linked to the funding of terrorism.
The federal law shall take effect upon the expiration of two months as from its official publication.

Federal Law No. 130-FZ of October 30, 2002 On Amending the Code of the Russian Federation On Administrative Offences

It establishes administrative liability for the violation of the legislation on countering the legalization (laundering) of illegally derived incomes and the funding of terrorism.
The violation by an organization of the procedure for recording, storage and submission of information on the transactions liable to obligatory control and also the procedure for organization of the internal control shall entail the imposition of an administrative fine upon officials in the amount from 100 to 200 times of the minimal labour remuneration; upon legal persons - from 500 to 5000 times of the minimal labour remuneration.
It also lists officials who are authorized to consider the said cases on administrative offences.
The Federal law shall take effect as from the date of its official publication.

Order of the Government of the Russian Federation No. 1507-p of October 29, 2002

It approves the Conception of Promotion of Physical Culture and Sports in the Russian Federation for a period until the year 2005. The basic goals of policy pursued by the state in the sphere of physical culture and sports is to improve the health of the nation, to form a healthy way of life of the population, to secure harmonic upbringing of a healthy, physically strong generation and also good performance of Russian sportsmen at major international sporting competitions.
The implementation of the Conception will make it possible to improve the physical condition of the population, lay down the foundations for raising a healthy and harmonically developed generation, use the possibilities of physical culture and sports in perfecting the moral, aesthetic and intellectual development of students; enhance the role of physical culture and sports as a means of prevention of anti-social behavior among young people.
The decision shall take effect as from November 1, 2002.

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