BY 2010 ARMENIA’S SECURITIES COMMISSION TO JOIN INFORMATION
EXCHANGE MEMORANDUM OF IOSCO
YEREVAN, APRIL 13. ARMINFO. By 2010 Armenia’s Securities Commission
will join the information exchange memorandum of the International
Organization of Securities Commissions, says the chairman of the
commission Eduard Muradyan.
This means that Armenia will be able to get information on the
legislation of any other members country. At the same time the
country will have to provide similar information on request. In 2010
this system will be much more handy for Armenia than it could be now.
Muradyan says that IOSCO membership will raise the commission’s
authority and will give its unlimited access to global information
and experience.
The decision to admit Armenia into IOSCO was made in Sri-lanka Apr 5.
The country applied for the membership as early as 2003. A law on
securities market regulation was adopted in 2004 to meet IOSCO
requirements.