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Armenian CB Board Approves Amendments To Normative Documents

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  • Armenian CB Board Approves Amendments To Normative Documents

    ARMENIAN CB BOARD APPROVES AMENDMENTS TO NORMATIVE DOCUMENTS

    ARKA
    June 3, 2009

    YEREVAN, June 3. /ARKA/. At its sitting presided by CBA Chairman Artur
    Javadyan, the Board of the Central Bank of Armenia (CBA) approved
    Regulation #8/20 "Calculation of annual interests on bank deposits".

    The CBA Board also approved Regulation #8/30 "Publication of
    information by banks, credit institutions, insurance companies,
    insurance brokers, investment companies, Central Depository, and money
    transfer organizations". The CBA Board approved Regulation #3/10
    "Minimum requirements to supervisory system of insurance company"
    as well as the CBA program of commemorative coins for 2010-2011.

    The CBA amended Regulation #3 "Banks' reports, presentation and
    publication", Regulation #15 "Reports of insurance companies,
    presentation and publication".

    The CBA Board also amended Regulation #3/09 "Classification of assets
    of insurance companies, formation and use of possible loss reserve"
    and Regulation #3/04 "Forms of reports of insurance companies and
    information contained in reports".
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