Monitoring of the Federal Legislation dated 21.07.2008

Federal Law No. 120-FZ of July 18, 2008 on the Amendments to the Federal Law on the Continental Shelf of the Russian Federation and Individual Legislative Acts of the Russian Federation

The adopted Federal Law permits to increase the volumes of production of hydrocarbon raw materials through development of resources of the continental shelf of the Russian Federation.

Letter of the Federal Tax Service No. ShT-6-3/505@ of July 17, 2008 on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Resources for Oil for June 2008

Provides information used for the calculation of the tax on extraction of mineral resources for oil for June 2008.

Order of the Federal Service for Financial Markets No. 08-25/pz-n of June 17, 2008 on the Amendments to the Regulation on the Requirements to the Procedure and Time Limits of Disclosing of Information Pertaining to Activities of Joint-Stock Investment Funds and Management Companies of Shared Investment Funds, As Well As to the Content of the Disclosed Information Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 05-23/pz-n of June 22, 2005

The management company of the shared investment fund shall publish the rules registered by the federal body of executive power in charge of securities in the printed source and the Internet before the forming of the shared investment fund.