RESOLUTION OF COUNCIL OF CENTRAL BANK OF THE REPUBLIC OF ARMENIA

of October 9, 2017 No. 204-N

About approval of the Provision 4/20 "Procedure and conditions of registration of derivative financial transactions, procedure and conditions of maintaining register, representation, storage, provision of data"

Accepted Council of the Central bank on September 15, 2017

For the purpose of increase in transparency of data about derivative financial instruments, including for tax authority, by ensuring effective activities of the unified register of derivative financial transactions,

assuming as a basis part 4 of article 3.1 of the Law of the Republic of Armenia "About the security market" and

being guided by the Item "d" of article 20 of the Law of the Republic of Armenia "About the Central bank of the Republic of Armenia", article 16 of the Law of the Republic of Armenia "About legal acts", Council of the Central bank of the Republic of Armenia solves:

1. Approve the Provision 4/20 "Procedure and conditions of registration of derivative financial transactions, procedure and conditions of maintaining the register, representation, storage, provision of data" according to Appendix to this Decision (is applied).

2. This Resolution becomes effective for the tenth day after its official publication.

Appendix

Approved by the Resolution of Council of the Central bank of the Republic of Armenia of September 15, 2017 No. 204-N

Provision 4/20 "Procedure and conditions of registration of derivative financial transactions, procedure and conditions of maintaining register, representation, storage, provision of data"

Chapter 1. General provisions

1. Are established by this Provision:

1) Procedure and conditions of maintaining the unified register of derivative financial transactions, including registration of data on derivative financial transactions, their storages;

2) the Procedure and conditions of submission of data on derivative financial transactions in the Trade register;

3) the Procedure and conditions of provision to the parties of the transaction, persons rendering investment services (in case of the derivative financial bargains concluded for customer account), data from the unified register of derivative financial transactions.

Chapter 2. Basic concepts

2. The concepts used in this Provision have the following value:

1) "Trade register" - the unified register of derivative financial transactions including data on derivative financial transactions and their parties.

2) "Advance holder" - persons which are not physical persons (except for individual entrepreneurs) which submit reports on derivative financial transactions for the purpose of registration in the Trade register.

3) "Date" - day, month and year (01/01/2025 of g).

4) "Resident" "/nonresident" - according to the methodology established by Appendix 1 to this Provision.

5) "The transaction the forward or the forward" - consent concluded out of the controlled market about future purchase or sale of asset (currency, security or other asset) on previously stated price and on non-standard conditions in case of which the parties undertake the obligation according to performing final settlement according to the transaction. Depending on the asset type which is the cornerstone of the forward (the transaction the forward), the forward (the transaction the forward) is considered the currency forward, the forward with securities or the forward with other assets.

6) "The transaction the future or the future" - consent concluded out of the controlled market about future purchase or sale of asset (currency, security or other asset) on previously stated price and on other standardized conditions in case of which the parties undertake the obligation according to performing final settlement according to the transaction. Depending on the asset type which is the cornerstone of the future (the transaction the future), the future (the transaction the future) is considered currency futures, the future with securities or the future with other assets.

7) "Option transaction or the option" - consent in which one of the parties (option buyer) acquires the right to sell (to purchase) certain basic asset (currency, security or other asset) in time and at the price, specified in the agreement and other party (option writer) undertakes the obligation to purchase (to sell) this asset (currency, security or other asset). Depending on the asset type which is the cornerstone of the option, the option is considered the currency option, the option with securities or the option with other assets.

8) Transaction swap or swap:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info