Regulatory Alerts2025-03-13 | 8125Changes to Central Bank Board Resolution No. 114-N on Manager Qualifications and Qualifying Holdings
The Central Bank of the Republic of Armenia issued Board Resolution No. 33-N to align manager and qualifying holder requirements with international standards. The resolution expands the scope of regulated entities, mandates rejection of applications for individuals with intentional criminal convictions or terrorism links, and updates criteria for assessing managerial fitness. These amendments to Appendix 1 of Resolution No. 114-N take effect the day following their official publication on March 13, 2025.
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