Shalashov, V.I., Emelyanov, Y.S. Specific features of normative legal acts, passed by the Central Bank of the Russian Federation.

Abstract: Federal law “On the Central Bank of the Russian Federation (the Bank of Russia)” provides the Bank with a right to pass normative acts. By the nature of this provision the legislator gave the Central Bank of the Russian Federation considerable authority. This power of the Bank was supported by the Decision of the Constitutional Court of the Russian Federation of 14 of December, 2000. This article contains comparative analysis of the requirements to normative acts, which are passed by the Central Bank of the Russian Federation, and normative acts of the federal executive bodies, and authors find considerable differences between these two kinds of normative acts.