The heads of government of the EAEU member states signed an agreement in Almaty on the cross-border admission of securities for placement and trading. According to the Armenian government's press service, the document was signed on behalf of Armenia by Deputy Prime Minister Mher Grigoryan during a session of the Eurasian Intergovernmental Council.
The agreement aims to create equal conditions for the placement of securities on the stock exchanges of all EAEU member states. This rule will also apply to parallel placements, allowing, for example, an Armenian company to simultaneously list its shares or bonds on the Yerevan and Moscow stock exchanges. The financial regulators of the member states are committed to providing technical support to exchanges when necessary.
The document is part of the EAEU's unified stock market concept, which was discussed at the Eurasian Intergovernmental Council meeting in Yerevan in September last year. The agreement will come into force after ratification by the parliaments of all five EAEU member states. The full formation of a unified stock market is planned for completion by 2030.
