Analytics and brochures

2 March 2011 saw the publication on the official website of Russia’s Federal Financial Markets Service (the “FFMS”) of the FFMS’s Order “On approving the Regulations on the procedure and timeframes for a joint stock company to keep documents”, which stipulates changes to the list of documents which must be kept and the time periods for which they must be kept.

Pepeliaev Group advises that 22 February 2011 saw the publication on the website of the Federal Service for Supervision over Telecommunications, Information Technology and Mass Media (“Roskomnadzor”) of its Order No. 048 dated 31 December 2010 On temporary rules for administrative procedures performed by the Federal Service for Supervision over Telecommunications, Information Technology and Mass Media to grant, renew, extend and cancel licences at the licensee’s request, to issue additional copies of licences, and to provide information contained in the licence register on specific licensees while rendering the state service of licensing radio and television broadcasting.

On 26 January 2011, the Russian State Duma passed the first reading of the Draft Law “On amending article 19 of the Federal Law ‘On telecommunications’”. The Draft Law clarifies the procedural requirements for connecting communications networks and for them to cooperate with an operator which occupies a significant position in a general use telecommunications network.

Pepeliaev Group advises on the entry into force of Federal Law No. 385 “On amending certain laws of the Russian Federation”on 15 February 2011. The new provisions concern the terms on which foreign citizens may stay in Russia.

Pepeliaev Group highlights that the Russian Central Bank's Instruction No. 2557-U dated 25 December 2010 amended the Bank of Russia’s Regulation No. 117-I dated 15 June 2004 “On the procedure for residents and non-residents to provide authorised banks with documents and information when carrying out foreign currency transactions, and the procedure for authorised banks to keep records of foreign currency transactions and to issue transaction passports”.

Pepeliaev Group advises that Federal Customs Service Order No. 2171 dated 18 November 2010 enacted the Instruction on the Specifics of Certain Procedures Performed by Customs Officers with respect to Goods Originating and Imported into the Russian Federation from the Republic of Turkey.