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Monitoring of the Federal Legislation dated 18.10.2002

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.

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