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There have been specified the provisions of certain acts concerning to functioning of special economic zones in the Russian Federation


There have been specified the provisions of certain acts concerning to functioning of special economic zones in the Russian Federation
2009-12-29 06:00

NEWS OF THE FEDERAL LEGISLATION

There have been specified the provisions of certain acts concerning to functioning of special economic zones in the Russian Federation

By the Federal Act N 340-FZ of December 25, 2009 (document is in Russian), the amendments are putted to the Federal Act N 116-FZ "On special economic zones in the Russian Federation" of July 22, 2005 (document is in Russian) and certain legislative acts of the Russian Federation.

The amendments concern to determination of kinds of special economic zones, authorities of bodies for administration with zones, as well as the contract about making industrial and production activity.

The Federal Act shall putt into effect since the day of its official publication.

There are changed the size of cost of financial institutions assets, at which exceeding, it is required to receive the preliminary agree of antimonopoly body for making deals and actions provided by the act
2009-12-29 06:00

NEWS OF THE FEDERAL LEGISLATION

There are changed the size of cost of financial institutions assets, at which exceeding, it is required to receive the preliminary agree of antimonopoly body for making deals and actions provided by the act

By the Decree of the RF Government N 1083 of December 24, 2009 (document is in Russian), the amendments are putted to the Decree of the RF Government N 334 "On establishing of sizes of financial institutions (except credit institutions) assets in the purposes of antimonopoly control" of May 30, 2007 (document is in Russian).

The amendments establish new sizes of cost of financial institutions assets, at which exceeding, it is required to receive the preliminary agree of antimonopoly body for making deals and actions provided by law, as well as sizes of cost of an financial institution assets, exceeding of which is the ground for direction of notification about making deals, other actions specified in the act to antimonopoly body.

There is approved the new form of declaration about real estate item
2009-12-29 06:00

NEWS OF THE FEDERAL LEGISLATION

There is approved the new form of declaration about real estate item

New form in approved by the Order of the Ministry of Economical Development and Trade N 447 of November 3, 2009 (document is in Russian) registered in the Ministry if Justice of the Russian Federation of December 18, 2009.

There is approved the procedure for calculation of operational risk of credit institutions
2009-12-29 06:00

NEWS OF THE FEDERAL LEGISLATION

There is approved the procedure for calculation of operational risk of credit institutions

By the Statute of the Bank of Russia N 346-P of November 3, 2009 (document is in Russian), there is determined the formula for calculation of operational risk including to calculation of the norm of sufficiency of own funds (capital) of a bank (H1) established by the Instruction of the Bank of Russia N 110-I "On obligatory norms of banks" of January 16, 2004 (document is in Russian). Size of operational risk is calculated annually as on 1 January of the year following after reporting one, at the operational day following after the date of publication of the form 0409807 established by the Direction of the Bank of Russia N 1376-U (document is in Russian) for reporting year.

The Statute is subject for official publication in the " News Bulletin of the Bank of Russia" and shall put into effect since July 1, 2010. At that from the beginning of accountability on August 1, 2010, to operational risk, it shall be included calculation of the norm H1 in the size of 40%, from accountability on August 1, 2011 - in the size of 70%, and in full size - from the beginning of accountability on August 1, 2012.


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