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On Approval of Amendments to the Procedure for Accounting, Creation and Maintenance of the Register of Economic Entities Conducting Operations with Precious Metals and Precious Stones

The essence of the changes lies in updating the procedure for registration and amendments to the register of economic entities working with precious metals and stones. A clear 30-day term for reviewing applications and a 3-day term for notifying about identified shortcomings are established. The document details the procedure for eliminating shortcomings in submitted documents and the possibilities of appealing decisions of the Ministry of Finance.

Structurally, the order introduces changes to two sections of the basic Procedure:
– Section II – regarding the procedure for entering into the register
– Section III – regarding amendments to the register
Both sections elaborate on the procedures for reviewing applications, working with shortcomings, and appealing decisions.

Key provisions for practical application:
1. A clearly established 30-day term for reviewing applications
2. Introduced a mechanism of “leaving the application without movement” instead of refusal
3. Provided the possibility of extending the term for eliminating shortcomings upon request
4. Defined the right to appeal decisions both administratively and through court
5. When eliminating shortcomings, the application is considered submitted from the day of initial submission

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