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LAW OF THE REPUBLIC OF ARMENIA

of July 28, 2025 No. ZR-267

About modification and amendments in the Law "About Banks and Banking Activity"

Accepted by National Assembly of the Republic of Armenia on July 3, 2025

Article 1. In article 18 of the Law of June 30, 1996 No. ZR-68 "About banks and banking activity" (further - the Law):

Part 2 Item "and" after the word "number" to add 1) with words "unpaid or not cancelled";

Part 2 to add 2) with the Item "a.1" of the following content:

"and. 1) person is included in lists of faces tied with terrorism or distribution of weapons of mass destruction, the United Nations constituted by resolutions of the Security Council or according to them;";

2 words", according to the Central bank, proved by the management approved by the Central bank" shall be replaced with words 3) in the part Item "d" ", according to council of the Central bank, proved according to the procedure, approved by legal acts of council of the Central bank";

4) part 4 to recognize invalid;

To add 5) with part 7 of the following content:

"7. In case of any of the bases provided by part 2 of this Article from the date of provision by council of the Central bank of prior consent before the actual acquisition of considerable participation council of the Central bank has the right to terminate prior consent to acquisition of considerable participation.".

Article 2. To recognize part 3 of article 18.1 of the Law invalid.

Article 3. Regarding the 2nd article 22 of the Law:

The Item "and" after the word "number" to add 1) with words "unpaid or not cancelled";

To add 2) with the Item "a.1" of the following content:

"and. 1) the Faces included in lists of faces tied with terrorism or distribution of weapons of mass destruction, the United Nations constituted by resolutions of the Security Council or according to them;";

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