Regulatory Alerts2025-04-08 | 8224Central Bank of Armenia Grants Preliminary Consent for Termination of General Asset Management Conservative Pension Fund
The Board of the Central Bank of the Republic of Armenia issued Resolution No. 57 A on April 8, 2025, granting preliminary consent for the termination of the "General Asset Management" CJSC Conservative Pension Fund. This decision was enacted pursuant to relevant provisions of the Law on the Central Bank of Armenia and the Law on Investment Funds, following a review of the company's requests and supporting documentation. The resolution enters into force upon registration with the company or delivery to its authorized representative in the prescribed manner.
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Giving a Preliminary Consent to the Termination of “General Asset Management” CJSC, a Conservative Pension Fund, of “General Asset Management”, a Closed Joint-Stock Company
2025-04-08
THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA
BOARD RESOLUTION
April 8, 2025 ; No.
57 A
Giving a Preliminary Consent to the Termination of “General Asset Management” CJSC, a Conservative Pension Fund, of “General Asset Management”, a Closed Joint-Stock Company
Pursuant to Article 20 (“ki”) of the Republic of Armenia Law “On the Central Bank of the Republic of Armenia”, and Article 102 of the Republic of Armenia Law “On Investment Funds”, and Chapter 4 of the Appendix as approved under the Republic of Armenia Central Bank Board Resolution No. 273-N, dated December 15, 2015 on “Approving the “Procedure and Conditions for Seeking Preliminary Consent of the Board of the Central Bank of Armenia for the Termination of a Public Contractual Investment Fund, the List of Documents Provided for Registering the Termination of the Fund; the Method and Procedure for Publishing Information on the Termination of the Fund”; In view of the conclusion issued by the Licensing and Supervision Committee of the Central Bank of the Republic of Armenia (Minutes No. 14, dated March 26, 2025); Considering “General Asset Management” CJSC’s letters of request, dated February 28, 2025 and March 7, 2025, along with relevant documentation and deliverables, the Board of the Central Bank of the Republic of Armenia
E n a c t s:
Give a preliminary consent to the termination of “General Asset Management” CJSC, a Conservative Pension Fund, of “General Asset Management”, a Closed Joint-Stock Company.
This resolution to enter into force upon being registered with “General Asset Management” CJSC, or on the day following its delivery to an authorized representative of that company, in the prescribed manner.
Martin Galstyan
Governor,
Central Bank of the Republic of Armenia
Yerevan
.