ArmInfo.The Armenian government approved the draft decree of the President of the Republic of Armenia "On Approval of the Agreement on Cross-Border Admission to Placement and Circulation of Securities in on-exchange Trading within the EAEU States, during its regular session on October 2.
As stated in the explanatory note to the document, the Agreement aims to ensure the placement and circulation of securities from EAEU member states in other EAEU member states, thereby creating new opportunities for issuers to attract investment funds. The main principles enshrined in the Agreement are: - non-discriminatory access of securities to the EAEU single exchange platform and the possibility of trading securities, including their initial public offering.
The restrictions enshrined in the Agreement are: - access only for stocks and bonds; access only for securities listed on the main (leading) exchange platforms.
The conclusion of the Agreement will allow residents of the Republic of Armenia - investment service providers (brokers and dealers) - to acquire "high-quality" securities listed and traded on the stock exchanges of EAEU member states without needing to leave their "local" exchange or incurring additional costs.
