Central Bank of Armenia Resolution No. 36-N Amending Resolutions 16-N and 15-N

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Introducing Additions and Changes to the Republic of Armenia Central Bank Board Resolution No. 16-N, dated January 15, 2008, and the Republic of Armenia Central Bank Board Resolution No. 15-N, dated January 15, 2008

2025-03-13

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA

BOARD RESOLUTION

March 13, 2025 ; No.

36-N

Introducing Additions and Changes to the Republic of Armenia Central Bank Board Resolution No. 16-N, dated January 15, 2008, and the Republic of Armenia Central Bank Board Resolution No. 15-N, dated January 15, 2008

Publication date` 13.03.2025

For the purpose of aligning the requirements to managers and qualifying holders with international standards and increasing the effectiveness of the procedures in use; Pursuant to Article 2 (3) and Article 20 (1) (“e”) of the Republic of Armenia Law “On the Central Bank of the Republic of Armenia”, and Article 33 (1) and (3) and Article 34 of the Republic of Armenia Law “On Normative Legal Acts”, the Board of the Central Bank of the Republic of Armenia

E n a c t s:

1. Introduce the following additions and changes to Regulation 4/01 “Registration and Licensing of Investment Companies; Registration of Branches and Representative Offices of Investment Companies and Foreign Investment Companies; Procedure for Obtaining Preliminary Consent to Qualifying Holding in Statutory Capital of Investment Companies; Procedure, Method and Timeframe for Presenting a Business Plan by Investment Companies; and Notice of Provision of Investment Services by Banks” as endorsed under the Republic of Armenia Central Bank Board Resolution No. 16-N, dated January 15, 2008, on “Approving Regulation 4/01 “Registration and Licensing of Investment Companies; Registration of Branches and Representative Offices of Investment Companies and Foreign Investment Companies; Procedure for Obtaining Preliminary Consent to Qualifying Holding in Statutory Capital of Investment Companies; Procedure, Method and Timeframe for Presenting the Business Plan by Investment Companies; and Notice of Provision of Investment Services by Banks”” (hereinafter referred to as the “Regulation 4/01”):

additions and changes

2. Introduce the following additions and changes to Regulation 4/05 “Procedure for Qualification of Managers of Investment Service Providers, Operator, and Central Depository; Qualification of Individuals as Investment Service Providers, and Manager Professional Compliance Criteria and Registration” as endorsed under the Republic of Armenia Central Bank Board Resolution No. 15-N, dated January 15, 2008, on “Approving Regulation 4/05 “Procedure for Qualification of Managers of Investment Service Providers, Operator, and Central Depository; Qualification of Individuals as Investment Service Providers, and Manager Professional Compliance Criteria and Registration”” (hereinafter referred to as the “Regulation 4/05”):

additions and changes

3. This resolution to enter into force on the day following its official publication.

Martin Galstyan                                                                Governor,

Central Bank of the Republic of Armenia

Yerevan

.