November 24, 2013 the Presidential Decree 20/2012 was published, setting 3–5 January 2014 as the dates for election to the Grand National Assembly of the Federal Republic, also known as Decision 2014.
As suggested by the Constitution, the Parliament, or the Grand National Assembly, is elected for the term of two years by full citizens, and while the Constitution does not specify the number of MPs in it, as previously announced by the President it will consist of six members, universally elected by Lostislandic citizens irrespectively of their federative affiliation.
While the final date for political parties to confirm their intention of participating was set as 15 December 2013, it is already known that parties such as the Lostislandic National Congress (LNC, headed by President Yaroslav Mar), the Party for Freedom and Democracy (PFD, headed by former Prime Minister Denis Tezdzhan) and the Anti-Capitalist Left Front (ACL, headed by Emanuel Terranova) will put forward their bids, even though all of them have yet to announce the lists of candidates (can be done until 25 December 2013). Likewise, have not yet been presented their political platforms.
The Parliamentary Election 2014 will be the first in the history of the Federal Republic, and the second in the history of Lostisland – after General Election 2012 which saw the Lostislandic National Congress scoring a definitive win, smashing their only opponent, the Communist Party of Lostisland (now Party for Labor and Independence). The results of the election will be announced not later than on 9 January, and it is expected that shortly after that, dates for the Election of the Prime Minister will be set.