Amendments to Central Bank of Armenia Board Resolution No. 194-N

1. In paragraph 23 (1) (“d1”), paragraph 65 (1), paragraph 131 (2) of the Regulation replace the word “unremoved” with the word “unexpunged”; and in subpoint 5.2 of Appendix 4, subpoint 8.6 of Appendix 22 to the Regulation, replace the words “removed or quashed” with the words “expired or expunged”;

2. In paragraph 60 of the Regulation, after subparagraph 5 add the following writing as subparagraph 6: “6) an assurance, duly issued by the relevant authority of the country where the non-resident legal entity resides, stating that the person concerned has no outstanding or unexpunged conviction for an intentionally committed crime in accordance with the procedure prescribed by law, and has not been declared bankrupt,”;

3. Remove the expression “of sound judgment and” from subparagraph 2 of paragraph 124 of the Regulation;

4. In Appendix 4 to the Regulation: a/ after point 5.2 add the following writing as subpoint 5.2.1: “ | 5.2.1 Are you included in the lists of persons related to terrorism or proliferation of weapons of mass destruction published under or in accordance with the United Nations Security Council resolutions? | | :--- | | o No | | o Yes, please provide details (date (day/month/year), any legal grounds) | ”,

b/ after point 5.13 add the following writing as point 5.14: “

5.14 Are the requirements set forth in relevant laws and regulatory instruments observed?
o No, please provide details
o Yes
”,

c/ revoke point 13 (“c”);

5. In Appendix 18 to the Regulation: a/ after point 9.1 add the following writing as subpoint 9.1.1: “ | 9.1.1 Are you included in the lists of persons related to terrorism or proliferation of weapons of mass destruction published under or in accordance with the United Nations Security Council resolutions? | | :--- | | o No | | o Yes, please provide details (date (day/month/year), any legal grounds) | ”,

b/ in point 9.2 replace the expression “, as well as based thereon” with the expression “and by the Board of the Central Bank of the Republic of Armenia”;

c/ revoke point 10 (“b”);

6. in point 5.2 of Appendix 19 and point 3.2 of Appendix 20 to the Regulation, replace the expression “, as well as based thereon” with the expression “and by the Board of the Central Bank of the Republic of Armenia”;

7. In Appendix 22 to the Regulation: a/ after point 8.6 add the following writing as subpoint 8.6.1: “ | 8.6.1 Are you included in the lists of persons related to terrorism or proliferation of weapons of mass destruction published under or in accordance with the United Nations Security Council resolutions? | | :--- | | o No | | o Yes, please provide details (date (day/month/year), any legal grounds) | ”,

b/ after point 8.13 add the following writing as subpoint 8.13.1: “

8.13.1 Do the grounds provided for under Article 10 of the Republic of Armenia Law “On Credit Organizations” and other normative regulations adopted by the Board of the Central Bank of the Republic of Armenia lack?
o Yes
o No, please, provide details
”,

c/ revoke subpoint “b” of section “I certify that” of point 9;

8. In Appendix 30 to the Regulation, after point 10 add the following writing as points 10.1 and 10.2: “ | 10.1 Is the beneficial owner included in the lists of persons related to terrorism or proliferation of weapons of mass destruction published under or in accordance with the United Nations Security Council resolutions? | | :--- | | o No | | o Yes, please provide details (date (day/month/year), any legal grounds) | | 10.2 Has the beneficial owner ever been convicted of an intentional crime? | | o No | | o Yes, please provide details (including about whether the conviction has been expired or expunged in accordance with the procedure prescribed by law) |