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.