ArmenPress
Nov. 3, 2004

ARMENIAN SECURITIES COMMISSION TO JOIN THE INTERNATIONAL ORGANIZATION

YEREVAN, NOVEMBER 3, ARMENPRESS: The Armenian Securities Commission
plans to join next year the International Organization of Securities
Commissions. According to the Securities Commission chairman Edward
Muradian, the Commission was supposed to join the Organization this
year, but the absence of a relevant provision in the Law on Securities
postponed the membership.
He said members of the organization have to exchange information
concerning specific instances of breaches of law, which he said is of
key importance in fighting money laundering and international
terrorism.
He said the Armenian Securities Commission was not entitled to
collect and disseminate such information, but a package of amendments,
approved by the parliament in the second reading, that will come into
force in 2005, will give it such authority.
He said the membership will mean that Armenian Securities Commission
meets international requirements.