NASDAQ OMX ARMENIA Supervisory Board Approves a Number of New Rules

Tuesday, 24 November 2009

The Supervisory Board of NASDAQ OMX Armenia approved a set of amendments and addenda to the exchange rules, as well as adopted a number of new rules. The rules approved at the Supervisory Board meeting on November 16, 2009 provide for further improvements of services rendered to the members of the stock exchange. In particular, a number of upgrades were introduced to the process of pre-deposition and withdrawal (release) of securities and funds intended for exchange trading, which will enable market participants to manage their funds in a more flexible and effective way. A new exchange market for interbank credits is also planned to be introduced. The newly approved documents will become effective after registration with the Central Bank of Armenia.