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 10.12.2004

Direction of the Central Bank of Russia No. 1520-U of November 26, 2004 on the Amendments to the Instruction of the Bank of Russia No. 111-I of March 30, 2004 on the Obligatory Sale of the Part of the Currency Receipts at the Internal Currency Market of the Russian Federation

The amount of the obligatory sale of the currency receipts is reduced from 25% to 10% of the amount of the currency receipts.

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 December 8, 2004. Reg. No. 6176.

Order of the Federal Service for Financial Markets No. 04-936/pz-n of November 12, 2004 on the Endorsement of the List of Officials of the Territorial Bodies of the Federal Service for Financial Markets Authorised to Draw up the Protocols of Administrative Violations

Lists the officials of the territorial bodies of the Federal Service for Financial Markets of Russia authorised to draw up the protocols of administrative violations within their sphere of reference. The mentioned persons include the heads of the territorial bodies of the Federal Service for Financial Markets of Russia and their deputies, as well as the chiefs of departments of the territorial bodies of the Federal Service for Financial Markets of Russia and their deputies.

Registered in the Ministry of Justice of the Russian Federation on December 7, 2004. Reg. No. 6175.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 296 of December 2, 2004 on the Endorsement of the List of Medicines

Lists the medicines sold to doctors' (feldsher's) prescriptions when rendering additional free medical aid to individual categories of citizens entitled for the state social aid.

Registered in the Ministry of Justice of the Russian Federation on December 7, 2004. Reg. No. 6169.

Order of the Ministry of Emergency Situations of the Russian Federation No. 485 of October 25, 2004 on the Endorsement of the Procedure of Voluntary Accreditation of Organisations Engaged in Activities in the Sphere of Civil Defence, Protection of Population and Territories against Emergency Situations, Fire Safety and People Safety at Water Objects

Defines the procedure of interaction of organisations wishing to get accreditation engaged in activities in the sphere of civil defence, protection of population and territories against emergency situations, fire safety and people safety on water objects and the Ministry of Emergency Situations of Russia.

The process of accreditation includes the following stages: submission of application for the accreditation, expert evaluation of the documents, checking of the candidate's compliance with the specified requirements for the declared type of activities, examination of the results of the expert evaluation and the results of the checking of the mentioned compliance, registration and issue of the certificate of accreditation, control over the activities of the accredited organisation.

Registered in the Ministry of Justice of the Russian Federation on December 6, 2004. Reg. No. 6168.

Order of the Federal Fund of Obligatory Medical Insurance No. 74 of November 24, 2004 on the Amendments to the Typical Rules of Obligatory Medical Insurance of Citizens

The amendments are introduced pursuant to the entry into force from January 1, 2005 of the Federal Law No. 122-FZ of August 22, 2004 envisaging replacement of individual benefits with monetary compensations. The Order specifies that individual categories of citizens are entitled for the additional free medical aid under the programs of state guarantees of free medical aid envisaging necessary medicines provided to doctors' (feldshers') prescriptions when rendering out-patient aid. When individual categories of citizens get necessary medicines, insurance is provided by the territorial fund of obligatory medical insurance.

The territorial fund of obligatory medical insurance shall finance within their allocated amounts the medical insurance organisation providing insurance of the granted necessary medicines proceeding form the amount of population entitled for the state social aid in the form of the set of social services according to the information contained in the Federal Register of Persons Entitled for the State Social Aid.

The amendments are entered into force from January 1, 2005.

Registered in the Ministry of Justice of the Russian Federation on December 6, 2004. Reg. No. 6167.

Order of the Federal Antimonopoly Service of Russia No. 135 of October 13, 2004 on the Endorsement of the Regulation on the Territorial Body of the Federal Antimonopoly Service

The territorial body of the Federal Antimonopoly Service of Russia shall control and enforce observation of the legislation in the sphere of competition at the commodity markets and protection of competition at the market of financial services, activities of the subjects of natural monopolies and advertising (within the sphere of reference of the antimonopoly body specified in the legislation ).

Registered in the Ministry of Justice of the Russian Federation on December 2, 2004. Reg. No. 6166.

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