LAW OF THE REPUBLIC OF ARMENIA

of November 12, 2016 No. ZR-189

About modification and amendments in the Law of the Republic of Armenia "About the security market"

Accepted by National Assembly of the Republic of Armenia on October 27, 2016

Article 1. In article 3 of the Law of the Republic of Armenia of October 11, 2007 ZR-195-N "About the security market" (further - the Law):

The subitem "zh" of Item 1 to declare 1) invalid;

Item 3 to state 2) in the following edition:

"3) as derivative financial instruments (transactions) are considered:

and. the option, the future, swap, the forward and other derivative agreements connected with securities, foreign currency, interest rate, derivative financial instruments, financial indexes or financial and economic indicators, final settlement of obligations on which can be perfromed in kind or money;

. the option, the future, swap, the forward and other derivative agreements connected with goods, final settlement of obligations on which shall be perfromed by money or can be performed by money at the request of one of the parties (except as specified early agreement cancelation based on violation or other bases);

century the option, the future, swap, the forward and other derivative agreements connected with goods, final settlement of obligations on which can be perfromed in kind provided that these agreements are traded on the controlled market;

the option, the future, swap, the forward and other derivative agreements connected with goods, final settlement of obligations on which can be perfromed in kind and which are not provided by the subitem "v" of this Item, were also not concluded for commercial purposes to which the properties characterizing other derivative financial instruments, including implementation of clearing and final settlement of cross liabilities by means of settlement system or subordination of such agreements are inherent in the requirement of collateral regular security;

the derivative financial instruments connected with transfer of credit risk;

e. the financial contracts based on difference;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info