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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 20.02.2004

Decision of the Government of the Russian Federation No. 90 of February 18, 2004 on the Endorsement of the List of Commodities Produced Using the Property of Organisations Not Exempted from the Property Tax from Organisations and/or Sold by Such Organisations

The mentioned list includes automobile tyres, hunting rifles, yachts, motor boats (other than special-purpose ones), products of the ferrous and non-ferrous metal industry (other than second-hand raw materials and metal items), precious stones and precious metals, fur items (other than those for children), high-quality items of crystal and porcelain, caviar, finished delicacies of valuable fishes and sea products.

Direction of the Central Bank of Russia No. 1382-U of February 2, 2004 on the Amendments to the Regulation of the Bank of Russia No. 205-P of December 5, 2002 on the Rules of Accounting Work in Credit Organisations Located on the Territory of the Russian Federation

The Chart of Accounts in credit organisations is extended to include new passive Balance Accounts 30126, 30226, 30410, 30607, 60405 "Reserves for Possible Losses". Balance Accounts 50212 and 50506 "Reserves for Devaluated Securities" are excluded.

The Direction changes the names of the Balance Accounts 20321, 47425, 47702, 50709, 50809, 60105, 60206, 60324. In the new wording, their name is "Reserves for Possible Losses". The mentioned accounts are intended to register the flow (forming (accrual), recovery (reduction)) of reserves for possible losses. Analytical records are arranged on the personal accounts opened for each contractor of a credit organisation under the deal in the framework of concluded contracts. The records are maintained in the currency of the Russian Federation.

Appropriate changes are introduced in the description of the mentioned accounts, scheme of analytical records of incomes and expenses and the report of profits and losses. The changes are also introduced in the balance report of the credit organisation and the procedure of accounting work for investments in securities and operations with securities.

The Direction 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 February 19, 2004. Reg. No. 5571.

Order of the Ministry of Internal Affairs of the Russian Federation No. 63 of February 4, 2004 on the Amendment to the Interim Procedure of Exchange of the Passport of the Citizen of the USSR for the Passport of the Citizen of the Russian Federation for the Citizen Registered at the Place of Residence in One of the Subjects of the Russian Federation and Actually Living or Registered at the Place of Residence in Another Subject of the Russian Federation Endorsed by the Order of the Ministry of Internal Affairs of Russia No. 347 of May 24, 2003

The changes are introduced in view of the prolongation of the time of replacement of the passports of the citizens of the USSR for the passports of the citizens of the Russian Federation till July 1, 2004.

Registered in the Ministry of Justice of the Russian Federation on February 19, 2004. Reg. No. 5566.

Order of the State Customs Committee of the Russian Federation No. 160 of February 6, 2004 on the Endorsement of the Procedure of Certification of the Specialists of the Customs Registration

Defines the qualification requirements to the specialist of the customs registration and specifies the procedure of passing of the qualification examination to get the qualification certificate of the specialist of the customs registration. Lists the documents submitted together with the application for the certification.

The qualification examination is arranged by the regional customs departments simultaneously on the whole territory of the Russian Federation at least two times in a calendar year.

Registered in the Ministry of Justice of the Russian Federation on February 19, 2004. Reg. No. 5565.

Order of the Ministry for Antimonopoly Policy of the Russian Federation No. 33 of January 30, 2004 on the Amendments to the Regulation on the Procedure of Approval of the Deals Pertaining to the Purchase of Assets or Stocks (Shares in the Registered Capital) of Financial Organisations, As Well As the Rights Permitting to Define the Terms of Entrepreneurial Activities or Implement the Functions of the Executive Body of a Financial Organisation Endorsed by the Order of the Ministry for Antimonopoly Policy of Russia No. 210 of February 28, 2001

Specifies that the request for the purchase by legal entities and/or natural persons of more than 20% of the stocks (shares in the registered capital) in cases of changing of the registered capital of a financial organisation is submitted to the antimonopoly bodies by the person (persons) buying the stocks (shares in the registered capital).

Registered in the Ministry of Justice of the Russian Federation on February 17, 2004. Reg. No. 5560.

Decision of the Federal Commission for Securities Market No. 03-48/ps of December 24, 2003 on the Procedure of Qualification of Securities

The endorsed procedure regulates the relations emerging when the Federal Commission for Securities Market of Russia qualifies the securities. For the purposes of qualification, the Federal Commission for Securities Market of Russia may check the legal entities whose activities at the securities market are regulated by the Federal Commission for Securities Market of Russia, as well as demand submission of the documents necessary for the solving of the qualification issues. No later than within 3 days from the date of adoption of the decision of qualification of securities, the Federal Commission for Securities Market of Russia shall send the notification of the adopted decision and, if necessary, also an order (including the one on elimination of violations of the legislation of the Russian Federation on securities) obligatory for execution.

Registered in the Ministry of Justice of the Russian Federation on February 17, 2004. Reg. No. 5555.

Order of the State Customs Committee of the Russian Federation No. 91 of January 26, 2004 on the Amendments to the Order of the State Customs Committee of Russia No. 768 of August 28, 2000

Amends the Order of the State Customs Committee of Russia specifying the particulars of declaring of currencies and securities moved by natural persons.

The currencies and securities are declared in the customs body of the Russian Federation in writing by submitting the cargo customs decoration or in the electronic form. While filling out the cargo customs declaration, Column 53 "Customs Office and the Country of Destination" is not filled out.

Registered in the Ministry of Justice of the Russian Federation on February 17, 2004. Reg. No. 5554.

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