of November 12, 2016 No. ZR-197
About introduction of amendments to the Law of the Republic of Armenia "About insurance and insurance activity"
Accepted by National Assembly of the Republic of Armenia on October 27, 2016
Article 1. Part 1 of article 80 of the Law of the Republic of Armenia of ZR-177 of April 9, 2007 "About insurance and insurance activity" (further – the Law):
"1. The companies can perform investing activities: on its own behalf and at own expense to buy or acquire otherwise, to alienate shares, bonds, other investment securities, and also derivative financial instruments which, as object in the basis have investment securities.".
Article 2. To state Item 3 of part 4 of article 84 of the Law in the following edition:
"3) in case of public distribution of the bonds issued by the company and other securities, and also derivative financial instruments regulated by regulatory legal acts of the Central bank – the data established by the laws and other legal acts regulating the security market".
Article 3. This Law becomes effective for the tenth day after official publication.
President of the Republic of Armenia
S. A. Sargsyan
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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