Monitoring of the Federal Legislation dated 21.04.2005

Decision of the Government of the Russian Federation No. 233 of April 18, 2005 on the Rules of Connection to Public-Use Railway Tracks of New, Being Built or Restored Public-Use and Non-Public-Use Railway Tracks and Closing of Public-Use Railway Tracks, Including Low-Intensity Lines and Portions and Railway Stations

Defines the procedure of taking decisions when carrying out works to connect to public-use railway tracks new, being built and resorted public-use and non-public-use railway tracks and closing of public-use railway tracks, including the low-intensity lines and portions and railway stations.

The rules do not apply to the temporarily closed public-use and non-public-use railway tracks if there are failures jeopardizing traffic safety and operation of the railway transport, security, technical condition of the rolling stock, containers or condition of cargo.

Order of the Federal Service for Financial Markets No. 05-6/pz-n of March 30, 2005 on the Amendments to the List of Officials of the Federal Service for Financial Markets Authorised to Draw up the Protocols of Administrative Violations Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 04-391/pz-n

The list includes now other officials of the territorial bodies of the Federal Service for Financial Markets specially authorised to control observation of the legislation in the sphere of financial markets (except for the insurance, banking and audit activities).

Registered in the Ministry of Justice of the Russian Federation on April 20, 2005. Reg. No. 6526.

Order of the Federal Service for Financial Markets No. 05-7/pz-n of March 30, 2005 on the Amendments to the List of Officials of the Territorial Bodies of the Federal Service for Financial Markets Authorised to Draw up the Protocols of Administrative Violations Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 04-936/pz-n of November 12, 2004

The list includes now other officials of the territorial bodies of the Federal Service for Financial Markets specially authorised to control observation of the legislation in the sphere of financial markets (except for the insurance, banking and audit activities).

Registered in the Ministry of Justice of the Russian Federation on April 20, 2005. Reg. No. 6524.

Direction of the Central Bank of Russia No. 1571-U of April 11, 2005 on the Amendments to the Regulation of the Bank of Russia No. 205-P of December 5, 2002 on the Rules of Accounting Work in Credit Organisations Located on the Territory of the Russian Federation

The chart of accounts for credit organisations is extended to include new Accounts 30232 (passive) and 30233 (active) "Unfinished Payments in Operations Using Pay Cards". The accounts are intended for recording the amounts of unfinished payments in operations committed using pay cards. The Direction excludes a number of accounts intended for payments using bank cards. Changes the description of Account 20208 "Monetary Resources in Cash Dispensers", 40903 "Pay Checks" and a number of other.

The list of operations of credit organisations subject to additional control shall include operations on Account 40820 "Accounts of Non-Resident Natural Persons".

The Direction is entered into force 10 days after the day of its publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on April 20, 2005. Reg. No. 6522.

Order of the Federal Service for Financial Markets No. 05-8/pz-n of March 30, 2005 on the Endorsement of the Regulation on the Composition and Structure of Assets of Joint-Stock Investment Funds and Assets of Shared Investment Funds

Specifies new requirements to the composition and structure of assets of joint-stock and shared investment funds. Thus, monetary resources available in the deposits in one credit organisation may comprise not more than 25% of the cost of assets. In this case, estimated cost of securities may not be greater than 50% of the cost of assets, municipal securities - not more than 10% of the cost of assets, and estimated cost of the bonds of Russian companies, bonds of foreign commercial organisations, securities of international financial organisations and securities of foreign states - not more than 10% of the cost of assets.

Depending on the composition of assets, the fund may be a monetary market one, bonds one, stocks one, fund of mixed investments, fund of direct investments, fund of risk (venture) investments, assets fund, fond of immovable property, mortgage fund or index fund.

The composition and structure of assets of investment funds must be brought in compliance with the new rules within one year from the date of entry into force of the Order.

Registered in the Ministry of Justice of the Russian Federation on April 14, 2005. Reg. No. 6513.