ArmInfo. On July 24, at a regular meeting, the Government of Armenia approved a proposal to sign the Agreement On the admission of brokers and dealers of one member state of the Eurasian Economic Union to participate in organized trading on stock exchanges (trade organizers) of other member states, concluded within the framework of the Eurasian Economic Union.
As stated in the explanatory note to the document, the draft Agreement was approved by the decision of the Council of the Eurasian Economic Commission dated 29.04.2024 No. 33.
The need to conclude the Agreement follows from the stated goal of creating a single financial market within the EAEU and is one of the ways to achieve this goal.
As noted by the Armenian Ministry of Finance, the conclusion of the Agreement will allow residents of the Republic of Armenia - providers of investment services (brokers and dealers) to purchase securities and derivative financial instruments (including currency) traded on the stock exchanges of the EAEU member states, both for residents of the Republic of Armenia and for EAEU member states, for clients - residents of states that are not EAEU members. At the same time, this will ensure the attraction of investments to the securities market of the Republic of Armenia by providing persons providing investment services to EAEU member states with access to securities traded on the stock exchange of the Republic of Armenia.
The purpose of the Agreement is to ensure access of non-resident clients of EAEU member states to the stock exchanges of member states through the mediation of non-resident dealers and non-resident brokers. The latter implies that non-resident brokers (dealers) will be able to purchase securities and derivative financial instruments admitted to trading on the stock exchanges of member states, on the stock exchanges of the EAEU member states for their clients (for themselves) without intermediaries.
