Monitoring of the Federal Legislation dated 26.12.2007

Decree of the President of the Russian Federation No. 1740 of December 23, 2007 on the Place of Permanent Residence of the Constitutional Court of the Russian Federation

The Constitutional Court of the Russian Federation will move to St.Petersburg between February 1 to May 20, 2008.

Direction of the Central Bank of Russia No. 1951-U of December 17, 2007 on the Amendments to the Regulation of the Bank of Russia No. 255-P of March 29, 2004 on the Obligatory Reserves of Credit Organisations

Pursuant to the entry into force from January 1, 2008 of the new rules of accounting work in credit organisations located on the territory of the Russian Federation, adjusts the composition of reserved obligations of the credit organisation.

Direction of the Central Bank of Russia No. 1940-U of November 28, 2007 on the Amendments to the Regulation of the Bank of Russia No. 215-P of February 10, 2003 on the Method of Determination of Own Resources (Capital) of Credit Organisations

Refines the method of determination of the profits of the current year included in the estimate of the main and additional capital and the procedure of determination of the losses of the current year reducing the main capital.