Monitoring of the Federal Legislation dated 10.06.2005

Decision of the Government of the Russian Federation No. 360 of June 7, 2005 on the Endorsement of the Rules of Partial Financing in 2005 of Preventive Measures to Reduce Industrial Injuries and Occupational Diseases of Employees

Defines the procedure and terms of partial financing in 2005 of preventive measures to reduce industrial injuries and occupational diseases of insurant employees, including the financing of their periodic medical examinations and preventive treatment including the sanatorium and resort treatment of employees engaged in works involving adverse and/or hazardous industrial factors. The list of preventive measures is endorsed by the Ministry of Public Health and Social Development of Russia in coordination with the Social Insurance Fund of Russia.

Amount of recourses allocated by the insurant for the partial financing may not be greater than 20% of the insurance contributions transferred by this insurant to the Social Insurance Fund of Russia for the year 2004 less fund's expenses to pay out insurance support in insured cases occurred with this insurant in 2000-2004. Insurant applications for the partial financing of preventive measures are accepted until August 1, 2005.

Decision of the Government of the Russian Federation No. 357 of June 6, 2005 on the Endorsement of the Rules of Reimbursement from the Federal Budget to Russian Exporters of Industrial Products of the Part of Expenses to Pay Interest under Credits Obtained in 2005 in Russian Credit Organisations

Reimbursement applies to Russian organisations exporting industrial products for at least 3 years and meeting a number of requirements. Thus, the organisation must export industrial products with a high degree of processing, execute credits contracts in due time and in volumes specified in the schedule of redemption of the credit and must not have overdue debts in obligatory payments to the federal budget and the state extra-budgetary funds.

If the credit is granted in Russian roubles, reimbursement is made proceeding form 2/3 of expenses made by the organisation to pay the interest under the credit on condition that the interest rate under the credit is less than the rate of refinancing of the Bank of Russia or equal to it. If the interest rate of the credit is higher than the rate of refinancing, reimbursement is made proceeding from 2/3 of the rate of refinancing as of the date of payment.

If the credit is granted in a foreign currency, reimbursement is also made in Russian roubles proceeding from 2/3 of the suffered expenses to pay the interest. When calculating the maximum amount of reimbursement, the interest rate for the obtained credit in foreign currency is assumed to be equal to 12% annual.

The Decision lists the documents to be submitted to the Ministry of the Industry and Power Supplies of Russia to get the reimbursement.

The priority right to get the reimbursement rests with organisations having won international contests (tenders) for supplies of industrial products.

Order of the Federal Service of Tariff Rates No. 130-e of April 8, 2005 on the Endorsement of the Regulation on the Processing of Cases of Fixing of Tariff Rates and/or Their Limiting Levels for Electric (Thermal) Power and for the Services Rendered at the Wholesale and Retail Trade Markets of Electric (Thermal) Power

Defines the procedure of examination of issues of fixing of tariff rates and/or their limiting levels for electric (thermal) power and for the services rendered at the wholesale and retail trade markets of electric (thermal) power, as well as of adoption of decisions on the mentioned issued by the regulatory bodies.

The cases shall be processed pursuant to applications of organisations in charge of the regulatory activities and motivated proposals submitted to the body in charge of the regulation (application with attached substantiation materials), as well as at the initiative of the body in charge of the regulation.

Registered in the Ministry of Justice of the Russian Federation on June 7, 2005. Reg. No. 6696.

Order of the Ministry of Information Technologies and Communication of the Russian Federation No. 55 of May 19, 2005 on the Endorsement of the Regulation on the Keeping of the Register of Major Operator in the Public-Use Communication Network

Specifies the procedure of keeping of the register of major operator in the public-use communication network. The keeping of the register is vested in the Federal Service of Enforcement in the Sphere of Communication. Decisions to include communication operators in the register and exclude them from it are taken on the basis of results of analysis of information received from communication operators and other sources showing operator standing in the public-use communication network or absence of grounds to be present on the register.

Information of the register shall be published on the site of the Federal Service of Enforcement in the Sphere of Communication of the information portal of the Ministry of Information Technologies and Communication of Russia.

Registered in the Ministry of Justice of the Russian Federation on June 6, 2005. Reg. No. 6693.

Direction of the Central Bank of Russia No. 1579-U of May 25, 2005 on the Amendments to the Direction of the Bank of Russia No. 1376-U of January 16, 2004 on the List, Forms and Procedure of Drawing up and Submission of the Forms of Reports of Credit Organisations to the Central Bank of the Russian Federation

Introduces five new forms of reports: 0409207 "Information of Currency Notes with Sings of Forgery Handed over to the Territorial Bodies of Internal Affairs" (submitted on irregular basis), 0409404 "Information of Investments of the Authorised Bank and Its Resident Clients (Other Then Credit Organisations) in Securities Issued by Non-Residents", 0409906 "Report of the Number of Accounts for Resources of the Budgets of All Levels of the Budget System of the Russian Federation and Resources from Entrepreneurial and Other Profitable Activities", 0409907 "Report of the Residues on Accounts of Resources of the Budgets of All Levels of the Budget System of the Russian Federation and Resources from Entrepreneurial and Other Profitable Activities", 0409908 "Report of the Residues on Accounts Opened to Organisations for Resources of the Federal Budget Allocated on the Repayable Basis to Finance Investment Projects and Programs of Conversion of the Defence Industry, Build a Special Fund of Beneficial Crediting of Seaso nal Expenses in the Agroindustrial Complex".

Six forms of reports are provided in a new wording: 0409115 "Information on the Quality of Loans, Debts in Loans and Similar Debts", 0409155 "Information on Reserves for Possible Losses", 0409302 "Information on Credits and Debts in Credits Granted to Borrowers of Various Regions", 0409345 "Information on the Daily Residues of the Monetary Resources of Natural Persons in Deposits Subject to Insurance", 0409608 "Report of Operations of Import and Export of the Currency of the Russian Federation and Resources of the Federal Budget" and 0409901 "Operative Report of the Residues on Accounts of Incomes Allocated among the Levels of the Budget System of the Russian Federation and the Resources of the Federal Budget".

Amends 10 following forms of reports (0409110, 0409135, 0409156, 0409350, 0409401, 0409664, 0409806, 0409807, 0409808 and 0409904) and more than 70 procedures of drawing up and submission of the forms of reports. The main changes pertain to the procedure of submission of reports of major credit organisations with a wide network of divisions.

Report drawn up to Form 0409301 "Individual Figures Characterising Activities of the Credit Organisation" is submitted to the territorial institution of the Bank of Russia as of the beginning of the working day of the 1st of the month - no later than 15:45 (earlier, 16:00) Moscow time of the working day following the reported one. If the period of non-working days includes two or more reporting dates, the mentioned report is submitted as of the first reporting date.

Changes the time limit for submission of the report of Form 0409345 "Information on the Daily Residues of the Monetary Resources of Natural Persons in Deposits Subject to Insurance". The mentioned information is submitted by major credit organisations with a wide network of divisions no later than the 24th of the month following the reported quarter, by the rest of credit organisations - no later than the 15th of the month following the reported quarter. Earlier, there was a single time limit - no later than the 15th of the month following the reported quarter.

As to Form 0409350, the territorial institution of the Bank of Russia, in the presence of reasons to implement the measures of prevention of bankruptcy of credit organisations, may introduce the daily (weekly) periods of submission of the mentioned reports.

Reports drawn up to Form 0409652 on the flow of resources in foreign currencies on transit currency accounts of residents for the days-off and non-working holidays are not submitted by the authorised bank. If there are transfers (writing-off) of monetary resources on transit currency accounts (from transit currency accounts) of residents on days-off or/and non-working holidays, the authorised bank shall show the mentioned operations in the report for the first working day following the days-off or/and non-working holidays.

The Direction changes the time limits of submission of the report of currency operations carried out using the transaction certificate drawn up to Form 0409665. The given report is submitted by the authorised bank, where the transaction certificate has been drawn up or redrawn under the contract, on the monthly basis no later than the 17th working day of the month following the reported one. Earlier, the report must have been submitted within 2 working days following the date of its drawing.

The Direction is entered into force from July 1, 2005 except for the provision on the drawing up and submission by credit organisations of the report drawn up to Form 0409155 "Information on the Reserves for Possible Losses" to be entered into force from August 1, 2005.

Registration pending in the Ministry of Justice of the Russian Federation.