Monitoring of the Federal Legislation dated 6.08.2008

Decision of the Government of the Russian Federation No. 581 of August 4, 2008 on the Authorised Federal Body of Executive Power in Charge of Control of Activities of the Market Council

The authorised federal body of executive power in charge of control of activities of the Market Council is the Ministry of Power Supplies.

Decision of the Government of the Russian Federation No. 557 of July 22, 2008 on the Amendments to the Federal Rules (Standards) of Audit Activities Endorsed by the Decision of the Government of the Russian Federation No. 696 of September 23, 2002

The federal rules (standards) of audit activities are extended to include some new rules (standards) pertaining to the use by the auditor of results of expert work, revision of financial (accounting) reports and control of quality of services of audit organisations.

Direction of the Central Bank of Russia No. 2048-U of August 1, 2008 on the Normatives of Obligatory Reserves (Reserve Requirements) of the Bank of Russia

Introduces new normatives of obligatory reserves for credit organisations from September 1, 2008.