Monday, January 22 2018 14:56

ArmInfo. The Central Bank of  Armenia has joined the multilateral memorandum of the International  Organization of Securities Commissions (IOSCO) and is included in the  list "A", which lists the persons who signed the IOSCO MMoU, which  will allow the exchange of information within the framework of this  document. As the press service of the Central Bank of Armenia told  ArmInfo, the signing of the memorandum took place on January 18 this  year.

https://www.iosco.org/about/?subSection=mmou&subSection1=signatories

According to the source, joining the Multilateral Memorandum of  Understanding on issues of consultation, cooperation and information  exchange (IOSCO MMoU) will ensure the effectiveness of enhanced  cooperation with financial market regulators in other countries in  terms of identifying and preventing violations of securities market  legislation. This, in turn, will create additional guarantees to  protect the rights of investors.

The Central Bank of Armenia has been a regular member of IOSCO since  2005. The Central Bank of Armenia is also a member of several IOSCO  Presidential Committees, the Commission for Growth and Emerging  Markets, the Commission of the European Region. With the signing of  the memorandum of the Central Bank of Armenia, the monitoring group  IOSCO MMoU Monitoring Group was included.

It should be noted that IOSCO is an international financial  organization that unites national securities market regulators. The  headquarters of the organization is in Madrid, Spain. The  organization was founded in 1974, and in 1983 it was transformed from  a regional to a world-wide international organization. IOSCO MMoU was  developed in 2002. in order to exchange information between  regulators of the securities market - IOSCO members and to prevent  unfair practices of behavior in the financial market. Currently (as  of the end of 2017), the organization has 216 participants.  The  organization includes three types of members: permanent (127),  associated (25) and affiliated (64).  Members of the organization  regulate the securities markets, accounting for more than 95% of the  global securities market.