YEREVAN, September 26. /ARKA/. Armenian Central Bank Board at a meeting on September 22 approved a set of amendments and additions to its earlier decision “On authorizing additional activities of investment companies and setting requirements for their implementation,” the regulator’s press service reported.
The goal of the amendments is to remove obstacles in providing full-fledged services by investment companies in the field of asset management.
In particular, investment companies, which provide securities package management services in accordance with Article 25 of the law “On Securities Market”, are allowed to manage non-public investment funds as well.
According to the Central Bank of Armenia, there are 20 registered investment companies in the country. -0-
