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CBA Approves Procedure For Informing Bank About Violations By Stock

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  • CBA Approves Procedure For Informing Bank About Violations By Stock

    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.
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