Armenian law to rule out abuse in securities market

06.12.2016 17:27
Armenian law to rule out abuse in securities market

YEREVAN, December 6. /ARKA/. Armenia’s Parliament at a meeting on Tuesday passed in the second and final reading a set of amendments to the law "On the Securities Market" and a number of related laws.

Deputy chairman of the Central Bank Nerses Yeritsyan said the changes are aimed at reforming the law to avoid abuses in the securities market.

"We expect the changes to make the Armenian securities market more attractive and accessible to both local and foreign players, to prevent abuse and hidden transactions, to increase the level of its transparency and protection." - said Yeritsyan.

According to him, the amendments also provides for effective tools to combat abuse and introduction of international standards.

He said further the amended law will improve the effectiveness of Armenia’s international cooperation in this area. -0-


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