CBA APPROVES PROCEDURE FOR INFORMING BANK ABOUT VIOLATIONS BY STOCK MARKET PARTICIPANTS

ARKA
July 31, 2008

YEREVAN, July 31. /ARKA/. The Central Bank of Armenia (CBA) approved
the regulations 5/05 on controlled market operator’s reporting to
the Central Bank on violations committed by accountable issuers and
participants of controlled market.

The Central Bank also amended the procedure for Armenia’s commercial
banks to form and use reserve for possible losses on investments in
securities and the Regulations 3/09 on the procedure for classification
of assets of insurance companies, formation and use of reserves for
possible losses.