Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 2.10.2002

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.

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