LAW OF THE REPUBLIC OF ARMENIA

of June 28, 2017 No. ZR-115

About modification and amendments in the Law of the Republic of Armenia "About the body regulating public services"

Accepted by National Assembly of the Republic of Armenia on June 9, 2017

Article 1. "About the body regulating public services" (further - the Law) to state article 5-7 of the Law of the Republic of Armenia of December 25, 2003 to ZR-18-N in the following edition:

"Article 5. Basic principles of regulation

1. The basic principles of regulation are:

a) autonomous implementation of regulation by state body within the competences established by the law;

b) collective nature and independence of decision making of regulating authority;

c) ensuring transparency of regulation for the public;

d) exception of discrimination against consumers or any regulating person;

e) equilibration of consumer interests and the regulating persons by means of forming of necessary economical and legal premises for guaranteeing rendering high-quality services to consumers and establishment of reasonable rates for services, with simultaneous providing for investors of opportunities of receipt of the reasonable profit proportional to risks;

e) restriction of framework of regulation parallel to development of the competitive markets, and also implementation of regulation in case of the non-competitive markets in the field of public services;

g) reducing obstacles for access to the markets in the field of public services and ensuring compliance with rules of availability of the services rendered by regulated persons (the goods sold by them);

h) address regulation;

i) compliance of the rates established by the Commission, to service quality of the rendered services (the sold goods).

Article 6. Regulating authority

1. Regulation in the field of public services is performed by the commission regulating public services of the Republic of Armenia (further - the Commission).

2. The commission is autonomous body.

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