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CBA Cancels Insurance Brokerage Licences Of Two Companies

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  • CBA Cancels Insurance Brokerage Licences Of Two Companies

    CBA CANCELS INSURANCE BROKERAGE LICENCES OF TWO COMPANIES

    Noyan Tapan
    April 9, 2008

    YEREVAN, APRIL 9, NOYAN TAPAN. At the April 8 sitting, the Central
    Bank of Armenia (CBA) Board approved the following documents: the
    regulation on the requirements for activities of persons providing
    investment services, the accounting plan of investment companies,
    the directives on the use of accounting plan of investment companies,
    the accounting order of future agreements signed in international
    market by the CBA, and the report on execution of the 2007, 4th
    quarterly program and the 2007 annual program of the CBA's estimate
    of expenditures and capital investments.

    According to the CBA press service, the Board decided to make
    changes in the CBA's 2008 annual program of estimate of expeditures
    and capital investments, as well as to make amendments in the guide
    "The Accounting Rules of the CBA". An addition was made to the program
    on issue of commemorative coins in the RA in 2008-2008.

    By the Board's decision, amendments and additions were made to
    the accounting plan of banks operating in the territory of the RA,
    the directives on the use of accounting plan of banks operating in
    the territory of the RA, the accounting plan of credit institutions
    operating in the territory of the RA, and the directives on the use of
    the accounting plan of credit institutions operating in the territory
    of the RA.

    The CBA Board decided to cancel the insurance brokerage licences of
    Mitra LLC and Avangard Insurance Brokers LLC.

    Besides, the CBA Board approved the designs of the commemorative
    coins "Bezoar Goat" and "Caucasian Owl" of the Caucasian Animal
    World international program, the designs and technical standards
    of gold commemorative coins to be issued under the Zodiacal Signs
    international program in 2008-2009, as well the terms of putting
    these commemorative coins in circulation and their description.
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