Monitoring of the Federal Legislation dated 14.04.2004

Decision of the Government of the Russian Federation No. 206 of April 9, 2004 "Issues of the Federal Service of Financial Markets"

The Federal Service of Financial Markets is a federal body of executive power in charge of control and enforcement at financial markets and is supervised by the Government of the Russian Federation. Before introduction of changes in the actual legislation, the functions of management and support of the work of the Commission for Commodity Exchanges are vested in the Federal Service. The mentioned Service is also responsible for the territorial bodies of the abandoned Federal Commission for Securities Market.

Decision of the Government of the Russian Federation No. 203 of April 8, 2004 "Issues of the Federal Service of Insurance Enforcement"

The Federal Service of Insurance Enforcement is a federal body of executive power in charge of control and enforcement in the sphere of insurance activities. The Federal Service is supervised by the Ministry of Finance of the Russian Federation.

Decision of the Government of the Russian Federation No. 200 of April 8, 2004 "Issues of the Federal Agency of Federal Property Management"

The Federal Agency of Federal Property Management is a federal body of executive power in charge of the federal property management, including the land relations, rendering of state services and judicial functions in the sphere of property relations. The Federal Agency is supervised by the Ministry of Economic Development and Trade of the Russian Federation. Before introduction of changes in the legislation, the licensing of assessment activities shall be vested in the mentioned Agency.

Decision of the Government of the Russian Federation No. 199 of April 8, 2004 "Issues of the Federal Agency of State Reserves"

The Federal Agency of State Reserves is a federal body of executive power in charge of the rendering of state services, state property management, as well as judicial functions in the sphere of management of the state material reserves. The Federal Agency is supervised by the Ministry of Economic Development and Trade of the Russian Federation.

Decision of the Government of the Russian Federation No. 195 of April 8, 2004 "Issues of the Federal Outer Space Agency"

The Federal Outer Space Agency is a federal body of executive power in charge of the rendering of state services, state property management and judicial functions in the sphere of investigation, use of the outer space for peaceful purposes, international cooperation in the implementation of joint projects and programs in the sphere of outer space activities, as well as the works on the outer space missiles of military destination and strategic combat missiles carried out by organisations of the outer space missile industry. The Federal Agency is supervised by the Ministry of the Industry and Power Supplies of the Russian Federation.

Decision of the Government of the Russian Federation No. 192 of April 7, 2004 "Issues of the Federal Service of Nuclear Enforcement"

The Federal Service of Nuclear Enforcement is a federal body of executive power in charge of control and enforcement of the safety of use of the nuclear power on the territory of the Russian Federation (except for the activities pertaining to the development, production, testing, operation and utilisation of nuclear weapons and nuclear power plants of military destination), including the licensing, as well as the special functions of state security in the mentioned sphere. The Federal Service is supervised by the Ministry of the Industry and Power Supplies of the Russian Federation.

Decision of the Government of the Russian Federation No. 191 of April 6, 2004 "Issues of the Federal Agency of Culture and Cinematography"

The Federal Agency of Culture and Cinematography is a federal body of executive power in charge of the rendering of state services, state property management and judicial functions in the sphere of culture and cinematography. The Federal Agency is supervised by the Ministry of Culture and Mass Communication of the Russian Federation.

Decision of the Government of the Russian Federation No. 169 of April 6, 2004 "Issues of the Federal Agency of Water Resources"

The Federal Agency of Water Resources is a federal body of executive power in charge of the rendering of state services, state property management, as well as judicial functions in the sphere of water resources. The Federal Agency is supervised by the Ministry of Natural Resources of the Russian Federation.

Decision of the Government of the Russian Federation No. 168 of April 6, 2004 "Issues of the Federal Agency of Education"

The Federal Agency of Education is a federal body of executive power in charge of the rendering of state services, state property management, as well as judicial functions in the sphere of education, up-bringing and youth policy. The Federal Agency is supervised by the Ministry of Education and Science of the Russian Federation.

Decision of the Government of the Russian Federation No. 159 of April 6, 2004 "Issues of the Federal Service of Enforcement in the Sphere of Education and Science"

The Federal Service of Enforcement in the Sphere of Education and Science is a federal body of executive power in charge of control and enforcement in the sphere of education and science. The Federal Service is supervised by the Ministry of Education and Science of the Russian Federation.

Direction of the Central Bank of Russia No. 1412-U of March 30, 2004 on the Fixing of the Amount of Transfer by a Resident Natural Person from the Russian Federation without the Opening of Bank Accounts

The resident natural person may transfer from the Russian Federation without opening a bank account in the authorised bank foreign or Russian currency in the amount not more than USD 5,000 equivalent according to the official rates specified by the Bank of Russia as of the date of the transfer order to the authorised bank. The total amount of such transfers within one operative day may not be greater than the mentioned amount.

The Direction is entered into force from June 18, 2004.

Registered in the Ministry of Justice of the Russian Federation on April 8, 2004. Reg. No. 5730.

Direction of the Central Bank of Russia No. 1411-U of March 30, 2004 on the Opening by Resident Natural Persons of Accounts in the Banks outside the Territory of the Russian Federation

Resident natural persons may open bank accounts in the Russian or foreign currencies in the banks located on the territories of foreign states other than OECD or FATF members, as well as bank accounts in the Russian currency in the banks located on the territories of foreign OECD or FATF member-states, after preliminary registration of the opened account in the tax bodies at the place of registration of the resident natural person according to the procedure specified by the Government of the Russian Federation in coordination with the Bank of Russia.

The Direction is entered into force from June 18, 2004.

Registered in the Ministry of Justice of the Russian Federation on April 8, 2004. Reg. No. 5732.

Letter of the Central Bank of Russia No. 39-T of April 9, 2004 on the Application of Individual Provisions of the Instruction of the Bank of Russia No. 102-I of July 22, 2002 on the Rules of Issue and Registration of Securities by Credit Organisations on the Territory of the Russian Federation

Lists the documents submitted additionally by credit organisations to the territorial institutions of the Bank of Russia to register the issue of the bonds secured by third parties. Also lists the documents submitted by credit organisations to the body in charge of registration for the state registration of the report of the results of issue (additional issue) of securities.

Specifies the particulars of recording of information on the front page of the risk bonds prospectus.

Information Letter of the Central Bank of Russia No. 27 of March 26, 2004 "Summary of the Practice of Application of the Normative Acts of the Bank of Russia on Currency Regulation and Currency Control"

In case of delayed supply of imported commodities for reasons other than those depending on the parties of the contract, the importer may redraw the deals certificate by submitting to his bank an application letter explaining the reasons of the delayed supply of commodities. In this case, column "Last Date" of the redrawn deal certificate is used to show the adjusted date of the termination of the customs registration of the last consignment of the commodity imported under the contract to be suggested by the importer independently.

In cases when an international treaty of the Russian Federation envisages the duty of the Russian Federation to ensure a complete and timely conversion of the currency of the Russian Federation by non-resident participants of these international treaties, the monetary resources on the type N rouble accounts of the mentioned non-residents are exempted from the requirements of Item 3.8 of the Instruction of the Bank of Russia No. 93-I on the procedure of purchase of foreign currencies.

Stateless person possessing a residence permit in the Russian Federation, when carrying out currency operations, must act as a resident while presenting to the authorised bank the above residence permit.

When a non-resident natural person presents a passport or other valid personal identification document to the authorised bank, the authorised bank may not refuse to open accounts, carry out operations on the accounts, carry out currency exchange operations, as well as render other bank services, including the cases when the presented documents show that the time of stay of the given person on the territory of the Russian Federation expired.