Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 22.06.2005

Decision of the Government of the Russian Federation No. 387 of June 20, 2005 on the Amendments to the Procedure of Paying out of the Monthly Monetary Compensation in Reimbursement of the Damage to Health of Citizens Pursuant to Radiation Exposure because of the Chernobyl Disaster or Carrying out Works to Eliminate the Consequences of the Disaster at the Chernobyl Nuclear Power Station

The paying out of the compensation in case of death of the invalid of the Chernobyl disaster is made only to his dependent family members with disabilities.

Decision of the Government of the Russian Federation No. 385 of June 20, 2005 on the Federal Fire Service

The Federal Fire Service is an integral part of the State Fire Service and forms part of the system of the Ministry of Emergency Situations of Russia. The Decision lists management bodies, divisions and institutions used to implement the activities of the Federal Fire Service. Defines the main tasks, functions and rights of the Federal Fire Service.

Order of the Federal Service for Financial Markets No. 05-19/pz-n of May 18, 2005 on the Figures and Normatives of Sufficiency of Own Resources (Capital) of the Management Companies and Specialised Depositaries Being the Subjects of Relations in Obligatory Pension Insurance Having Concluded Contracts with Non-State Pension Funds Pertaining to Volumes of Serviced Assets

Specifies the rules of calculation of the figure of sufficiency of own resources (capital) of the management company providing trust control for the resources of accumulated pensions on the basis of the contract with non-state pension funds being insurers in obligatory pension insurance pertaining to the volume of serviced assets. The normative of sufficiency of own resources of the management company makes 0.0001.

Also specifies the rules of calculation of the figure of sufficiency of own resources (capital) of the specialised depositary rendering services to non-state pension funds being insurers in obligatory pension insurance pertaining to volumes of serviced assets. The normative of sufficiency of own resources of the specialised depositary makes 0.0001.

Registered in the Ministry of Justice of the Russian Federation on June 17, 2005. Reg. No. 6722.

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