Monitoring of the Federal Legislation dated 31.03.2003

Federal Law No. 35-FZ of March 26, 2003 on Electric Power Industry

Specifies legal fundamentals of economic relations in the sphere of electric power industry, defines the authority of the bodies of state power in the regulation of these relations, main rights and duties of the subjects of electric power industry in the carried out activities in the sphere of electric power industry (including production in combined electric and thermal power regime) and consumers of electric and thermal power.
Chapter 3 defines the notion and the legal status of the joint national (all-Russia) electric power supply network. Concluding contracts to render services in the transfer of electric power using the objects forming part of the joint national electric power network, defining the use regime for the mentioned objects and issues of putting of the mentioned objects out of operation is vested on the centralised basis in the organisation in charge of the management of the joint national electric power network (federal network company).
Chapter 4 defines the notion, legal status and procedure of work of the system of operative and dispatching control in electric power industry, composition of the subjects of the operative and dispatching control and their hierarchy, main principles of operative and dispatching control, particulars of operative and dispatching control in emergency power supply regimes and in isolated territorial power supply systems.
Chapter 5 defines in detail the system and essence of the measures of state interference in the relations in the industry, distributes authority in the sphere of state regulation and control of electric power industry between the Government of the Russian Federation and the authorised federal body of executive power.
Chapters 6 and 7 regulate the circulation of electric power at the wholesale and retail trade markets. The period of entry into force of the rules of the wholesale market may not be less than 90 days from the day of their endorsement by the Government of the Russian Federation.
Particulars of economic activities in the electric power industry are defined in Chapter 8.
The Federal Law is entered into force from the day of its official publication with exceptions.

Decision of the Government of the Russian Federation No. 173 of March 26, 2003 on the Procedure of Determination and Publishing of the List of States (Territories) Failing to Participate in the International Cooperation in the Sphere of Combating the Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

The list of the mentioned states (territories) is determined and published by the Committee of the Russian Federation for Financial Monitoring in coordination with the Ministry of Foreign Affairs of the Russian Federation, Ministry of Internal Affairs of the Russian Federation, Federal Security Service of the Russian Federation and the Foreign Intelligence Service of the Russian Federation.

Order of the Russian Patent Agency No. 32 of March 5, 2003 on the Rules of Drawing Up, Submission and Consideration of the Request for the Registration of the Trade Mark and Service Mark

Defines the procedure of submission by the interested legal entities and independent entrepreneurs of the request for the registration of the trade mark and service mark. The request includes application drawn up according to the provided form, document of payment of the duty, as well as some other documents (depending on the particulars of registration of the mark).
Also specifies the proceedings of the request for the registration and its consideration. In particular, defines the procedure of carrying out of the expert evaluation of the requested object, appealing against the decision of the expert evaluation and publication of information on the registration.
Registered in the Ministry of Justice of the Russian Federation on March 25, 2003. Reg. No. 4322.

Letter of the Ministry of Taxation of the Russian Federation No. BG-6-02/355@ of March 27, 2003 on the Declaration for the Profit Tax from Organisations

The tax bodies are ordered not to demand from the taxpayers submission in 2003 in the declarations for the profit tax from organisations for the 1 quarter and 9 months of Appendices 3 "Individual Types of Expenses Pertaining to Production and Sale" and Appendices 4 "Calculation of the Amount of Losses or Part of the Losses Reducing the Taxable Base" to Sheet 02.
Declarations for the first six months and the year 2003 are submitted in full amount.

Letter of the State Statistics Committee of the Russian Federation No. MS-10-23/869 of March 6, 2003 on the Registration of the Fixed Assets

When recalculating the fixed assets of the budget-supported institutions into the prices as of January 1, 2003, fixed assets recalculated improperly using the index method into the prices as of January 1, 1998 must be registered in the prices as of January 1, 1997 by dividing their cost by the applied coefficients. After this, they must be recalculated into the prices as of January 1, 2003 using the indexes for the fixed assets recorded in the prices as of January 1997.

Decision of the Supreme Court of the Russian Federation No. GKPI 2003-11 of February 4, 2003

Invalidates from the day of entry into force of the Decision Items 1, 2, 5 and 16 of the Regulation on the licensing of pharmacy activities endorsed by the Decision of the Government of the Russian Federation No. 489 of July 1, 2002 inasmuch as they restrict opportunities to carry out pharmacy activities by the persons engaged in entrepreneurial activities without the forming of the legal entity (independent entrepreneurs).