Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 24.03.2004

Order of the Ministry of Finance of the Russian Federation No. 27n of March 5, 2003 on the Fixing of the Criteria of Placing of Resources of Accumulated Pensions in the Assets Mentioned in Subitems 2-4 and 6 of Item 1 of Article 26 of the Federal Law No. 111-FZ of July 24, 2002 on the Investing of Resources for the Financing of the Accumulated Part of the Labour Pension in the Russian Federation

When placing the resources of accumulated pensions, additional restrictions for the investing of resources of accumulated pensions must be observed specified in the Decision of the Government of the Russian Federation No. 379 of June 30, 2003 on the additional restrictions for the investing of resources of accumulated pensions in individual classes of assets and determination of the maximum share of individual classes of assets in the investment portfolio in compliance with Articles 26 and 28 of the Federal Law on the investing of resources for the financing of the accumulated part of the labour pension in the Russian Federation and Article 36.15 of the Federal Law on non-state pension funds.

Registered in the Ministry of Justice of the Russian Federation on March 15, 2004. Reg. No. 5680.

Regulation of the Ministry of Finance of the Russian Federation and the Central Bank of Russia No. 20n/251-P of February 17, 2004 on the Invalidation of the Instruction of the Federal Service of Russia for Currency and Export Control and the Bank of Russia No. 03-26/493 and No. 88-I of February 10, 2000 on the Procedure of Issue of Statements on the Reasonableness of Payments in Foreign Currencies under Contracts for Works, Services or Transfer of Results of Intellectual Activities

Invalidates the Instruction specifying the procedure of issue of statements on the reasonableness of payments in foreign currencies under contracts for works, services or transfer of results of intellectual activities.

The Regulation is entered into force 10 days after the day of its official publication.

Registered in the Ministry of Justice of the Russian Federation on March 11, 2004. Reg. No. 5673.

Order of the Russian Patent Agency No. 32 of March 5, 2004 on the Procedure of Keeping of the State Register of the Names of the Places of Origin of Commodities of the Russian Federation

Specifies the form of the sheets of the State Register of the Names of the Places of Origin of Commodities of the Russian Federation and the composition of information mentioned in them. Defines the rules of entering records of registration of the name of the place of origin of the commodity, of the granting of the right of use of the name of the certified place of origin of the commodity, as well as the rules of amending of the sheets of the Register and the rules of their storage.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5662.

Order of the Russian Patent Agency No. 31 of March 5, 2004 on the Procedure of Keeping of the State Register of Trade Marks and Service Marks of the Russian Federation

Specifies the form of the sheets of the State Register of Trade Marks and Service Marks of the Russian Federation and the composition of information mentioned in them. Defines the rules of entry in the sheets of the State Register of Trade Marks, Service Marks, as well as the rules of amending the sheets of the State Register and the rules of their storage.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5661.

Order of the Russian Patent Agency No. 29 of March 5, 2004 on the Procedure of Keeping of the State Register of Useful Models of the Russian Federation

Specifies the form of the sheets of the State Register of Useful Models of the Russian Federation and the composition of information mentioned in them. Defines the rules of entry of records of the patented useful models, rules of amending and the rules of storage of the sheets of the State Register with the records entered in them.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5660.

Order of the Russian Patent Agency No. 28 of March 5, 2004 on the Procedure of Keeping of the State Register of Industrial Prototypes of the Russian Federation

Specifies the form of the sheets of the State Register of Industrial Prototypes of the Russian Federation and the composition of information mentioned in them. Defines the rules of entry of records of the patented industrial prototypes in the sheets of the State Register, as well as the rules of amending the records of the State Register and the rules of their storage.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5659.

Order of the Russian Patent Agency No. 30 of March 5, 2004 on the Procedure of Keeping of the State Register of Inventions in the Russian Federation

Specifies the form of the sheets of the State Register of Inventions of the Russian Federation and the composition of information mentioned in them. Defines the rules of entry of records of the patented inventions in the sheets of the State Register, as well as the rules of amending the records of the State Register and the rules of their storage.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5658.

Direction of the Central Bank of Russia No. 1396-U of March 19, 2004 on the Partial Invalidation of the Instruction of the Bank of Russia No. 59 of March 31, 1997 on the Application of the Measures of Intervention to Credit Organisations for the Violation of Prudential Norms of Activities

The Instruction is invalidated inasmuch as it pertains to the daily transfer by the territorial institutions of the Bank of Russia to the Main Informatisation Centre of the Bank of Russia of reports drawn up according to Form 637 "Information on the Applied Measures of Intervention, Presented Claims and Applications Received from the Authorised Persons for the Revocation of the License for Bank Operations from the Credit Organisation and Suggestions of the Courts of Arbitration on the Expediency of Its Revocation, As Well As on the Measures to Prevent Bankruptcy Implemented at the Initiative of the Credit Organisation".

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia. The text of the Direction is published in the Herald of the Bank of Russia on March 24, 2004, No. 19.

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