Monitoring of the Federal Legislation dated 7.06.2004

Regulation of the Central Bank of Russia and the Ministry of Finance of the Russian Federation Nos. 257-P, 46n of May 20, 2004 on the Particulars of Payment and Cash Services Provided by the Divisions of the Payment Network of the Bank of Russia and Credit Organisations (Branches) for the Accounts of the Federal Treasury Bodies of the Ministry of Finance of the Russian Federation When the Chief Administrators, Administrators and Recipients of the Budget Resources Open Personal Accounts in the Federal Treasury Bodies of the Ministry of Finance of the Russian Federation.

Specifies the particulars of payment and cash services provided by the banks for the accounts of the federal treasury bodies of the Ministry of Finance of the Russian Federation when the recipients of the budget resources open personal accounts in the federal treasury bodies and the procedure of drawing up of payment and cash documents used by the banks to carry out operations on the accounts of the federal treasury bodies.

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 June 2, 2004. Reg. No. 5823.

Decision of the Ministry of Labour of the Russian Federation No. 55 of April 26, 2004 on the Endorsement of the Regulation on the Normative Amount of the Insurance Reserve and Its Building and Use Procedure

The insurance reserve is a part of pension reserves of non-state pension funds and is created by them to provide for the solvency and financial stability when fulfilling obligations under the non-state pension support contracts. The insurance reserve must not exceed the amount of the pension obligations cover reserves. The minimum normative amount of the insurance reserve must be at least 5% of the amount of the pension obligations cover reserves.

It is not permitted to include in the insurance reserve contributions allocated to build the pension obligations cover reserves. It is not permitted also to build the insurance reserve at the expense of the resources of the aggregate contribution of the fund founders.

Information on the amount of the insurance reserve is submitted by the funds to the authorised federal body in the framework of the annual accounting and special reports.

Registered in the Ministry of Justice of the Russian Federation on June 2, 2004. Reg. No. 5811.