Regulatory Alerts2025-03-13 | 8127Amendments to Central Bank Board Resolution No. 344-N
The Republic of Armenia Central Bank amends Resolution No. 344-N to update terminology by replacing 'unremoved' with 'unexpunged' and 'removed' with 'expunged' across multiple regulatory paragraphs. The regulator introduces new requirements for non-resident legal entities to provide assurances regarding the absence of unexpunged criminal convictions and bankruptcy status, while clarifying rejection criteria for indirect significant participation. Additionally, the Central Bank updates various regulatory appendices to include questions on terrorism and weapons of mass destruction lists and modifies declarations related to the Law on Insurance and Insurance Activities.
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