The agreement on creation of conditions in the financial markets for providing liberalized capital movement

of December 9, 2010

The Republic of Belarus, the Republic of Kazakhstan and the Russian Federation which are hereinafter referred to as with the Parties

based on the Agreement on the Customs union between the Russian Federation and the Republic of Belarus of January 6, 1995, the Agreement on the Customs union of January 20, 1995, the Agreement on the Customs union and the Common economic space of February 26, 1999, the Constitutive treaty of Eurasian economic community of October 10, 2000,

for the purpose of creation of conditions in the financial markets for providing liberalized capital movement, development of mutually beneficial cooperation in the financial sector

agreed as follows:

The article 1 Determination of Concepts, used in this agreement

The concepts used in this agreement mean

following:

"financial services" - the services of financial nature including:

banking services;

services in the foreign exchange market;

services of professional participants of the security market;

insurance services;

"professional participants of the security market" - the legal entities having the right to perform professional activity in the security market according to the legislation of the Party in the territory of which they are registered;

"credit institution" - the legal entity who for generation of profit as main objective of the activities based on special permission (license) issued by the authorized body performing banking regulation has the right to perform banking activities;

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