Monitoring of the Federal Legislation dated 24.12.2008

Federal Law No. 270-FZ of December 22, 2008 on the Amendments to the Federal Law on the Insurance of Deposits of Natural Persons in the Banks of the Russian Federation and Other Legislative Acts of the Russian Federation

Introduces criteria permitting to assess opportunities of the bank's further participation in the deposit insurance system.

Federal Law No. 268-FZ of December 22, 2008 "Technical Regulation on Tobacco Items"

Introduces requirements to tobacco items, rules of their identification, requirements to the labelling and content of information for consumers.

Federal Law No. 266-FZ of December 22, 2008 on the Amendments to Article 51.2 of the Federal Law on the Securities Market (Not Yet Entered into Force)

Extends the list of qualified investors making investments in securities.

Federal Law No. 264-FZ of December 22, 2008 on the Amendments to the Federal Law on the Hypothec (Mortgage of Immovable Property) and Individual Legislative Acts of the Russian Federation

The goal of the Federal Law is to reduce the time limits and legal risks in the cases of transfer of the mortgage deeds in the mortgage coverage to refinance the mortgage credits by means of mortgage securities.

Federal Law No. 263-FZ of December 22, 2008 on the Amendments to Articles 333.33 and 333.35 of Part 2 of the Tax Code of the Russian Federation

The amount of the state duty for the state registration of rights and restrictions of rights (encumbrances) for the land plots of agricultural use, as well as transactions restricting these rights, is reduced to Rbl 100 for all applicants.

Federal Law No. 262-FZ of December 22, 2008 on the Access to Information of the Work of Courts of the Russian Federation

Regulates relations pertaining to access provided to citizens, organisations, public associations, bodies of state power and local government to information of the work of courts of the Russian Federation.

Federal Law No. 260-FZ of December 22, 2008 on the Ratification of the Protocol on the Amendments to the Agreement between the Russian Federation and the Federal Republic of Germany on Avoidance of Double Taxation for the Incomes and Property Tax of May 29, 1966 and the Protocol to it of May 29, 1996

The ratified Protocol envisages adjustment of the limiting amount of capital investments necessary for the application of the reduced rate of taxation of dividends pursuant to the switchover of the Federal Republic of Germany to the new currency - euros.

Federal Law No. 258-FZ of December 22, 2008 on the Ratification of the Agreement on the Determination of the Customs Cost of Commodities Moved across the Customs Border of the Customs Union

Ratifies the Agreement on the determination of the customs cost of commodities moved across the customs border of the Customs Union.

Federal Law No. 257-FZ of December 22, 2008 on the Ratification of the Agreement on the Uniform Rules of Determination of the Country of Origin of Commodities

The ratified Agreement has been concluded between the governments of Russia, Belarus and Kazakhstan in the framework of the Eurasia Economic Community and simplifies and harmonises customs procedures for the member-states of the Customs Union for the cases of trade with third countries.

Federal Law No. 255-FZ of December 22, 2008 on the Ratification of the Agreement on the Uniform Measures of Non-Tariff Regulation for Third Countries

The ratified agreement between Russia, Belarus and Kazakhstan envisages introduction on the customs territory of the parties of uniform measures of non-tariff regulation for third countries.

Federal Law No. 254-FZ of December 22, 2008 on the Ratification of the Agreement on the Export Customs Duties for Third Countries

Ratifies the Agreement on export customs duties for third countries. The member-states are Russia, Belarus and Kazakhstan.

Federal Law No. 253-FZ of December 22, 2008 on the Ratification of the Agreement on the Uniform Customs and Tariff Regulation

Ratifies the Agreement on the uniform customs and tariff regulation singed by participants of the Customs Union in Moscow on January 25, 2008.

Federal Law No. 252-FZ of December 22, 2008 on the Ratification of the Agreement on the Application of Special Protective, Anti-Dumping and Compensation Measures for Third Countries

The ratified Agreement is expected to protect internal markets of the member-states of the Customs Union against the growing dumping and subsidised import of goods of third countries.