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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 19.10.2004

Decree of the President of the Russian Federation No. 1316 of October 13, 2004 "Issues of the Federal Bailiff Service"

The Federal Bailiff Service is a federal body of executive power providing for the proper functioning of the courts, execution of judicial acts and the acts of other bodies. The Federal Bailiff Service of Russia is subordinate to the Ministry of Justice of Russia.

The Decree is entered into force from the day of its official publication.

Decree of the President of the Russian Federation No. 1315 of October 13, 2004 "Issues of the Federal Registration Service"

The Federal Registration Service is a federal body of executive power in charge of the registration of the rights for immovable property and transactions with it, registration of public associations and political parties, as well as judicial functions and control and enforcement in the sphere of advocacy and the notary activities. The Federal Service of Registration is subordinate to the Ministry of Justice of Russia. The sphere of reference of the Federal Registration Service includes in particular: issue of licenses for the right of the notary activities, control and enforcement of observation of legislation of the Russian Federation by lawyers, lawyer associations and boards of lawyers, providing information to natural persons and legal entities on the registered organisations and rights, posting of apostil on official documents to be brought out abroad and other.

The Decree is entered into force from the day of its official publication.

Decree of the President of the Russian Federation No. 1314 of October 13, 2004 "Issues of the Federal Service of Execution of Punishments"

The Federal Service of Execution of Punishments is a federal body of executive power in charge of the judicial functions, control and enforcement of execution of criminal punishments of the convicts, detention of suspects and the accused, their guarding and escorting, as well as control of the conduct of the convicts on probation and anticipating the term. The Federal Service of Execution of Punishments of Russia is subordinate to the Ministry of Justice of Russia.

The Decree is entered into force from the day of its official publication.

Decree of the President of the Russian Federation No. 1313 of October 13, 2004 "Issues of the Ministry of Justice of the Russian Federation"

The Ministry of Justice of the Russian Federation is a federal body of executive power in charge of the working out and implementation of the state policy and normative-and-legal regulation in the specified sphere of activities, as well as the sphere of execution of criminal punishments, advocacy and notary activities, providing for the proper work of the courts and execution of judicial acts and acts of other bodies, registration of the rights for immovable property and transactions with it, registration of public associations, religions organisations and political parities. The Ministry of Justice of Russia is supervised by the President of the Russian Federation. The Ministry of Justice of Russia shall coordinate and control the work of subordinate to it Federal Service of Execution of Punishments of Russia, Federal Registration Service of Russia and the Federal Bailiff Service of Russia.

The Decree is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 562 of October 15, 2004 on the Endorsement of the Typical Rules of Trust Control of the Mortgage Coverage

The rules define the terms of the contract of trust control of the mortgage coverage. Under the contract, the founder of the trust control of the mortgage coverage shall hand over to the manager mortgage-secured demand of return of the main amount of the debt and of the payment of interest under the credit contracts and the loan contracts in trust control under the condition of uniting of this property with the property of other founders for a certain period of time, with the manager being obliged to manage the property in the interests of the founder. Inclusion in the contract of trust control of the mortgage coverage is implemented through the purchase of the mortgage certificates of participation issued by the manager of the mortgage coverage.

The period of validity of the contract may not be less than one year and greater than 40 years.

The Decision provides the description of the risks associated with the trust control of the mortgage coverage, defines the rights and duties of the manager, rights of holders of the mortgage certificates of participation, procedure of arranging of the general meeting of such holders, as well as the procedure and time limits for paying out the monetary resources at the expense of the payments under obligations where the claims comprise the mortgage coverage.

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