of November 6, 2018
About harmonization of the legislation of state members of the Eurasian Economic Union in the field of the financial market
State members of the Eurasian Economic Union on behalf of the Government of the Republic of Armenia and the Central bank of the Republic of Armenia, the Government of the Republic of Belarus and National Bank of the Republic of Belarus, the Government of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan, the Government of the Kyrgyz Republic and National Bank of the Kyrgyz Republic, the Government of the Russian Federation and the Central bank of the Russian Federation,
for the purpose of creation within the Eurasian Economic Union of the total financial market, ensuring mutual recognition of licenses for implementation of types of activity in service sectors (banking sector, insurance sector, service sector in the security market) and non-discriminatory access to the financial markets of state members of the Eurasian Economic Union (further – state members),
proceeding from need of enhancement of state regulation and control and supervision in the financial markets of state members,
taking into account provisions of Item 3 of article 70 of the Agreement on the Eurasian Economic Union of May 29, 2014 and for the purpose of harmonization of the legislation of state members in the field of the financial market
agreed as follows:
This agreement determines the directions and procedure for harmonization of the legislation of state members in the field of the financial market (in banking sector, insurance sector, service sector in the security market), including:
on adoption of the approved requirements to members of the financial markets concerning their creation, organization and activities in banking sector, insurance sector, service sector in the security market;
on harmonization of approaches to regulation of risks in the field of the financial market according to international standards;
on harmonization of supervising requirements and procedure of supervision of members of the financial market;
on providing conditions for mutual recognition of licenses;
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