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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 6.01.2004

Decree of the President of the Russian Federation No. 1545 of December 31, 2003 on the Amendments to the Regulation on the Procedure of Consideration of Issues of Citizenship of the Russian Federation Endorsed by the Decree of the President of the Russian Federation No. 1325 of November 14, 2002

The amendments bring the Regulation on the procedure of consideration of issues of citizenship of the Russian Federation in compliance with the Federal Law No. 151-FZ of November 11, 2003 on the amendments to the Federal Law on the citizenship of the Russian Federation. The Decree simplifies the procedure of obtaining the citizenship of the Russian Federation for individual categories of persons, first and foremost, citizens of the former USSR having lived and living in the former USSR states. In particular, the Regulation is extended to include the new section "Obtaining the Citizenship of the Russian Federation on the Basis of International Treaties of the Russian Federation".
The Decree is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 802 of December 31, 2003 on the Fixing of the Quotas for the Export in 2004 of Raw Materials Containing Precious Metals

The licenses for the export from the Russian Federation of lead cake, as well as ores and concentrates of non-ferrous metals containing precious metals (codes according to the Foreign Trade Commodity Nomenclature of the Russian Federation 2620 and 2621), falling under the Decision of the Government of the Russian Federation No. 442 of July 17, 2003 on the trans-border refuse transportation shall be drawn up on the basis of permissions issued by the Ministry of Natural Resources of Russia and its territorial bodies.

Decision of the Government of the Russian Federation No. 798 of December 30, 2003 on the Endorsement of the Rules of Notification by the Non-State Pension Fund Providing Obligatory Pension Insurance of the Ministry of Labour and Social Development of the Russian Federation and the Pension Fund of the Russian Federation of the Newly Concluded Contracts of Obligatory Pension Insurance

A non-state pension fund shall notify the Ministry of Labour of Russia and the Pension Fund of Russia of the newly concluded contracts by sending the notification to them according to the form endorsed by the Ministry of Labour of Russia in coordination with the Ministry of Economic Development of Russia and the Pension Fund of Russia, as well as a copy of the newly concluded contract or its notary-certified copy.
The notification shall be sent to the Ministry of Labour of Russia within two weeks, and to the Pension Fund of Russia - within one month from the day of signing of this contract.

Decision of the Government of the Russian Federation No. 795 of December 30, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 117 of February 19, 2003

Refines the procedure of paying out to the successors of the holders of deposits of the preliminary compensation for the ritual services and the supplements to it. Thus, in case of death of the holder of deposits in 1998-2000, the heirs (without age restrictions) shall get preliminary compensation in the amount of up to Rbl 1,000. If the holder of the deposit was a participant of the Great Patriotic War, his heirs shall also get a supplement in the amount of up to Rbl 6,000.
The paying out of the compensation is arranged on the basis of the documents confirming the right of succession, certificate of death of the holder of deposits and the application of the heir. To get the supplement, it is necessary also to present the documents confirming the participation of the holder of deposits in the Great Patriotic War.

Decision of the Government of the Russian Federation No. 793 of December 30, 2003 on the Time of the Temporary Stay in the Russian Federation of Foreign Citizens Entering the Contract Military Service and the Procedure of Their Registration and Record Keeping

The time of the temporary stay in the Russian Federation of the foreign citizens entering the contract military service is determined proceeding from the time necessary for the drawing up of the conscription and is fixed by the Ministry of Defence of Russia in coordination with the federal bodies of executive power envisaging the military service.

Regulation of the Central Bank of Russia No. 241-P of November 26, 2003 on the Interim Administration Assigned to Manage a Credit Organisation

Specifies the procedure of assigning, organisation, carrying out and termination of activities of the interim administration in charge of the management of the credit organisation.
Lists the functions implemented by the interim administration in cases of suspension of authority of executive bodies of the credit organisation. Thus, the interim administration may dismiss from work (occupied position) members of executive bodies of the credit organisation and suspend the paying out of the earnings to them. The administration may also appeal to court to demand to sue the members of the board of directors (supervisory council) of the credit organisation, the head of the credit organisation (director, general director) and/or members of the collegiate executive body of the credit organisation (management board, board of directors) if their culpable actions (failure to act) incurred losses on the credit organisation. The head of the interim administration may revoke the proxies earlier issued on behalf of the credit organisation.
The Regulation specifies the particulars of inventory taking of fixed and material assets of the credit organisation, as well as particulars of signing and acceptance for execution of the documents of the credit organisation.
Expenses of the interim administration are covered by the credit organisation.
The Regulation is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on December 26, 2003. Reg. No. 5369.

Operative Direction of the Central Bank of Russia No. 181-T of December 25, 2003 on the Procedure of Drawing up and Submission of Financial Reports by Credit Organisations

Financial reports drawn up according to the international standards of financial reports include the balance report as of the reported date, report of profits and losses, report of the flow of monetary resources, report of the changes of own resources (capital), as well as the remarks to the financial reports including the principles of the record keeping policy in the drawing up of the financial reports. Financial reports are considered to be compiled if all of the standards being in effect as of the beginning of the reporting period are being used.
The Direction provides sample forms included in the financial reports according to the international standards of financial reports. The given forms may be changed by the credit organisation to provide for a better demonstration in the financial reports of the structure and particulars of operations of the credit organisation, the volume of carried out operations.
The Direction also provides a sample list of possible corrections for the preparation of the balance report and the report of profits and losses using the transformation method, as well as auxiliary tables and adjustments used to compile the report of the flow of the monetary resources.
Credit organisations drawing up financial reports according to the international standards of financial reports for the first time may abstain from including in their financial reports for the reporting periods beginning on January 1, 2004 and ending on September 30 and December 31, 2004 comparative information for the appropriate previous reporting periods beginning on January 1, 2003 and ending on September 30 and December 31, 2003.
Credit organisations having drawn up earlier financial reports according to the international standards of financial reports for the reporting periods beginning on January 1, 2004 shall draw up financial reports according to the International Standards of Financial Reports 1 "Submission of Financial Reports" and the endorsed record keeping policy.

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