FEDERAL LAW OF THE RUSSIAN FEDERATION

of December 6, 2011 No. 406-FZ

About introduction of amendments to the Federal law "About Currency Control and Currency Exchange Control" regarding simplification of procedures of currency exchange control

Accepted by the State Duma on November 21, 2011

Approved by the Federation Council on November 29, 2011

Article 1

Bring in the Federal Law of December 10, 2003 N 173-FZ "About currency control and currency exchange control" (The Russian Federation Code, 2003, N 50, Art. 4859; 2004, N 27, Art. 2711; 2005, N 30, Art. 3101; 2007, N 1, Art. 30; N 22, of Art. 2563; N 29, of Art. 3480; 2010, N 47, Art. 6028; 2011, N 29, Art. 4291; N 30, of the Art. 4584) following changes:

The subitem "an" of Item 6 of part 1 of Article 1 to state 1) in the following edition:

"a) the physical persons who are citizens of the Russian Federation, except for the citizens of the Russian Federation who are constantly living in foreign state at least one year, including having the residence permit issued by authorized state body of the corresponding foreign state, or temporarily staying in foreign state at least one year based on working visa or the educational visa with effective period at least one year or based on set of such visas with aggregate term of action at least one year;";

The second parts 3 of Article 5 of the word", except as specified, 3 Articles established by part 12, part 5 of article 15 of this Federal Law" to exclude 2) in the paragraph;

Article 19 to add 3) with parts 1.1 and 1.2 of the following content:

"1.1. When implementing foreign trade activity residents shall provide to authorized banks information:

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