Monitoring of the Federal Legislation dated 27.05.2005

Decision of the Government of the Russian Federation No. 325 of May 18, 2005 on the Endorsement of the Rates of Export Customs Duties for Commodities of Oil Exported from the Territory of the Russian Federation Outside the Member-States of the Customs Union Agreements

The rates of the export customs duties for benzene, toluene, xylene, propane, butanes, ethylene, propylene, butylene and butadiene and other liquefied gases, as well as light distillates, gasoils and liquid fuels, are increased from USD 81.4 to USD 104.1 per ton. Export customs duties for lubricants, spent oil products, petrolatum, paraffin, oil coke and bitumen are reduced from USD 81.4 to USD 56 per ton.

The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 315 of May 21, 2005 on the Endorsement of the Typical Contract of Social Leasing for the Dwelling Space

According to the contract, the lessor shall hand over to the lessee and members of his family for unlimited possession and use separate dwelling space for living, as well as provide communal services at cost. Description of the handed over dwelling space, its technical condition, as well as the sanitary and other equipment available in it, are indicated in the technical certificate of the dwelling space.

The Decision lists the rights and duties of the parties. Thus, the lessee, in particular, shall be obliged to accept the dwelling space fit for living from the lessor within 10 days from the day of signing of the contract. The lessee must also carry out current repair works at his own expense in the occupied dwelling space. The current repair works include covering the walls with wallpaper, painting the ceiling, doors, floors, window-sills, window frames inside, heaters, as well as the replacement of the door and window fittings, repair of internal engineering equipment (electric lines, cold and hot water pipes, heat and gas pipes).

If the payment for the dwelling space and/or communal services is not transferred within specified time limits, the lessee must pay the penalties, which does not exempt him form due payments. Capital repair of the dwelling space rests with the lessor.

The earlier concluded contracts of social leasing for the dwelling space must not be redrawn.

Order of the Federal Service for Financial Markets No. 05-16/pz-n of April 20, 2005 on the Endorsement of the Procedure of Carrying out Checks of Organisations Where Control and Enforcement Is Vested in the Federal Service for Financial Markets

Defines the procedure of preparation and carrying out of the checks of issuers, joint-stock investment funds, subjects of relations of generation and investing of resources of pension savings, subjects of relations in non-state pension support, obligatory pension insurance and professional pension insurance, mortgage agents, mortgage coverage managers and specialised mortgage coverage depositaries, professional participants of the securities market, management companies of joint-stock and shared investment funds and non-state pension funds, specialised depositaries of investment funds, shared investment funds, non-state pension funds and other organisation licensed by the Federal Service for Financial Markets of Russia, as well as their self-regulating organisations where control and enforcement is vested in the Federal Service for Financial Markets of Russia. Also defines the rights and duties of inspectors of the Federal Service for Financial Markets of Russia, its regional divisions.

The checks may be on-site ones and cameral ones. On-site checks may be scheduled and extraordinary, as well as the joint ones. A scheduled on-site check is implied to be the check of the work of the organisation arranged by a group of inspectors at the place of location and/or activities of the organisation included in the schedule of on-site checks. An extraordinary on-site check is arranged by a groups of inspectors at the place of location and/or activities of the organisation and is assigned to check execution of orders to eliminate revealed violations, execution of the requirements of the legislation pertaining to protection of rights and legal interests of investors at the securities market and in other cases. A joint on-site check envisages inclusion in the group of inspectors in coordination with the federal bodies of executive power of employees designated by them. A cameral check is arranged by the inspector (inspectors) by investigating the documents and information presented by the organisation an d other entities or state bodies.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6640.

Order of the Federal Service for Financial Markets No. 05-15/pz-n of April 20, 2005 on the Delimitation of Authority in the Sphere of State Registration of Issues (Additional Issues) of Emission Securities between the Federal Service for Financial Markets and Its Territorial Bodies

The Federal Service for Financial Markets of Russia shall carry out the state registration of issues (additional issues) of emission securities included in the list of issuers for whom the body in charge of the registration is the Federal Service for Financial Markets of Russia, issuer options, emission securities of issuers being management companies, those placed through open subscription, closed subscription (on condition that the total volume of each of the issuers at nominal value is greater than Rbl 40 million), emission securities of issuers with the amount of the registered capital being Rbl 500 million or greater, securities placed in cases of reorganisation of joint-stock companies, foreign issuers including international financial organisations, bonds of the Bank of Russia, bonds of the state and municipal unitary enterprises.

Territorial bodies of the Federal Service for Financial Markets of Russia shall carry out the state registration of issues (additional issues) of all other emission securities.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6639.

Order of the Federal Tax Service No. SAE-3-09/178@ of April 26, 2005 on the Endorsement of the Form No. 9-KNU "Notification of the Registration in the Tax Body of the Legal Entity As a Major Taxpayer"

Endorses a new wording of the form of the notification of the registration in the tax body of the legal entity as a major taxpayer (Form No. 9-KNU).

The earlier form endorsed by the Order of the Ministry of Taxation of Russia No. BG-3-09/319 of August 31, 2001 shall not apply.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6638.

Direction of the Central Bank of Russia No. 1575-U of May 4, 2005 on the Invalidation of the Normative Acts of the Bank of Russia

A number of normative acts of the Bank of Russia are invalidated from June 19, 2005 pursuant to the entry into force of Article 12 of the Federal Law on currency regulation and currency control. The given Article describes the opening of accounts of residents in the banks abroad the Russian Federation. Invalidates Regulations of the Bank of Russia No. 200-P, No. 201-P of October 16, 2002 with amendments.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6637.

Order of the Federal Service for Financial Markets No. 05-14/pz-n of April 20, 2005 on the Endorsement of the Procedure of Registration of the Documents of Professional Participants of the Securities Market Engaged in Clearing Activities and Activities in Organisation of Trade at the Securities Market

Defines the procedure of registration in the Federal Service for Financial Markets of Russia of the documents, as well as amendments to them, presented by professional participants of the securities market engaged in clearing activities and activities of organisation of trade at the securities market, including the stock exchanges. The Federal Service for Financial Markets of Russia must register the due document or take a motivated decision to refuse its registration no later than within 30 days from the date of receiving of the appropriate document. The Order lists the reasons of refusal of registration.

Registered in the Ministry of Justice of the Russian Federation on May 25, 2005. Reg. No. 6636.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 326 of May 6, 2005 on the Cost of One Day of Stay in Sanatorium and Resort Institutions for the Citizens Entitled for the State Social Aid in the Form of a Set of Social Services

The cost of one day of stay in sanatorium and resort institutions for the citizens entitled for the state social aid in the form of a set of social services, as well as the persons accompanying citizens with grade III labour restrictions and invalid children, makes Rbl 400, and from May 1, 2005 - Rbl 500. The cost of one day of stay in sanatorium and resort institutions for war invalids, participants of the Great Patriotic War, servicemen having undergone military service for at least six months from June 22, 1941 to September 3, 1945, servicemen awarded with orders and medals of the USSR for the service in the mentioned period, persons awarded with the badge of the "Resident of Blockaded Leningrad" and some other categories makes Rbl 550, and for the invalids with diseases and injuries of the spinal cord - Rbl 600.

Registered in the Ministry of Justice of the Russian Federation on May 23, 2005. Reg. No. 6620.

Order of the Central Bank of Russia No. OD-316 of May 16, 2005 on the Amendments to the Order of the Bank of Russia No. OD-682 of September 22, 2004 on the Estimate of the Cost of Backing under Credits of the Bank of Russia

Specifies that in the absence of transactions at the exchange during the trade day preceding the day of calculation of the market cost of the bonds of the foreign bond loans of the Russian Federation, the market cost of the mentioned securities shall be calculated proceeding from the information of the closing of the appropriate security published by the information system Bloomberg generic Mid/last for the day preceding the day of calculation of the market value. Earlier, information published by Reuters CLS was used.