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CBA Board Registers Declaration On Registration Of Securities Includ

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  • CBA Board Registers Declaration On Registration Of Securities Includ

    CBA BOARD REGISTERS DECLARATION ON REGISTRATION OF SECURITIES INCLUDING OFFER OF BONDS BY ELITE GROUP COMPANY

    Noyan Tapan
    Jan 29, 2008

    YEREVAN, JANUARY 29, NOYAN TAPAN. At the January 29 sitting, the
    Central Bank of Armenia (CBA) Board registered the amendment made
    in the rules of Central Depositary of Armenia OJSC, made additions
    in regulations 16 "Licensing of Organizations Carrying Out Money
    Transfers, Registration of Branches, Regulation of Activities,
    and Qualification of Management" and in regulations 17 "Licensing
    of Organizations Carrying Out Processing and Clearing of Payment
    Instruments and Payment and Settlement Documents, Registration of
    Branches, Qualification of Management".

    NT was informed by the CBA press service that based on the CBA Board's
    decision, Prime Insurance Brokers LLC was re-licensed, Rennaisance LLC
    was granted a licence for dealer and brokerage sale and purchase of
    foreign currencies, Astvan LLC' licence for brokerage services was
    cancelled, and the licence for nonlife insurance granted to First
    Insuring LLC on November 3, 1997, was recognized as invalid.

    Besides, the CBA Board made a decision to register the declration
    on registration of securities including an offer of bonds by Elite
    Group CJSC.
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