Monitoring of the Federal Legislation dated 1.03.2007

Direction of the Central Bank of Russia No. 1787-U of January 16, 2007 on the Invalidation of Individual Normative Acts of the Russian Federation

Pursuant to the adoption of the Regulation of the Bank of Russia No. 301-P of January 16, 2007, invalidates the Regulation of the Bank of Russia No. 125-P of October 4, 2000 defining the procedure of drawing up of the intermediate liquidation balance report and the liquidation balance report of the credit organisation and their coordination with the territorial institutions of the Bank of Russia.
      The Direction is entered into force 30 days after the day of its official publication in the Herald of the Bank of Russia.

Letter of the Federal Tax Service No. ChD-6-09/75 of February 5, 2007 on the Explanations on the Filling of the Blank Form of the Report of the Opening (Closing) of the Account, Change of Account Details

Introduces for application from February 5, 2007 the forms of bank reports of the opening (closing) of the account, change of account details endorsed by the Order of the Federal Tax Service of Russia No. SAE-3-09/861@ of December 13, 2006.

Letter of the Central Bank of Russia No. 18-T of February 19, 2007 on the Acceptance by Banks of Encashment Orders Put Forward by the Territorial Bodies of the Federal Bailiff Service

The banks servicing debtor accounts shall accept from the bailiffs implementing enforced execution of court rulings and acts of other bodies in compliance with the legislation encashment orders to collect monetary resources without the stamp of the issuer bank. The bank servicing the payer (debtor) shall check encashment orders according to the requirements of the Regulation of the Bank of Russia No. 2-P of October 3, 2002 on cashless payments in the Russian Federation, except for the checking of the stamp of the issuer bank in the field of the encashment order "Notes of the Recipient Bank" and the signature of the executor in charge.

Letter of the Central Bank of Russia No. 19-T of February 20, 2007 on the Opening of Accounts to Financial Bodies

Informs of opportunities of opening of accounts to financial bodies of the subjects of the Russian Federation in the institutions of the Bank of Russia on the Balance Account 40302 "Resources in Temporary Use of Budget-Supported Institutions".

Letter of the Central Bank of Russia No. 01-13-5/591 of February 20, 2007 on the List of Organisations

The list of organisations whose promissory notes (claims rights under credit contracts) may be accepted to secure the credits of the Bank of Russia, as well as organisations that may act as guarantors for the promissory notes (claims rights under credit contracts) accepted to secure the credits of the Bank of Russia, shall include the OAO Sibur Holding, OAO RAO Joint Power Supply Systems of Russia and the OAO FSK Joint Power Supply System.