Association of National Numbering Agencies (ANNA) has published information on the changes to the regulatory framework for the securities market implemented by the National Bank of Georgia.
The report distributed by the association provides detailed information on the regulatory framework developed by the NBG in February and March of this year based on the laws on dematerialized securities and their conversion into securities (securitization). The approved regulations reflect the best practices and experience in the relevant field, according to the report.
In addition, the report highlights the draft Regulation on Granting, Maintaining and Canceling the Status of Green, Social, Sustainable and Sustainability-related Bonds published by the NBG for public consultation. This regulation, based on the principles established by the International Capital Markets Association (ICMA), represents the first step in determining the requirements for granting green, social, sustainable or sustainability-related bond status to issuers of public corporate bonds in Georgia.
The National Bank of Georgia (NBG) has been a member of the Association of National Numbering Agencies (ANNA) since 2015. ANNA is a global association that promotes standardization in the financial industry by upholding International Organization for Standardization (ISO) principles. This includes promoting key identifiers like the International Securities Identification Number (ISIN) and the Classification of Financial Instruments (CFI) codes (in accordance with ISO 6166 and ISO 10962 standards). NBG, as a member of ANNA, is responsible for assigning these codes in Georgia. This system, achieved through collaboration with market participants and regulators, ensures clear and consistent identification of financial instruments.
