This section contains information on terms and conditions of participation at the organized Market by NASDAQ OMX Armenia. 

 

Who can trade in the regulated market?

The Central Bank of the Republic of Armenia, entities providing investment services, as well as the FX dealers have the right to participate at the Market organized by NASDAQ OMX Armenia (Regulated market Operator).

 

What will give you the participation status to the Market?

To participate in the Regulated market trading the following statuses can be granted to the Market Participants by NASDAQ OMX Armenia, depending on the types of the markets:

 “Exchange Member” - gives a right to participate in the Stock Exchange market;

 “Government Bonds Market Participant” - gives a right to participate in the government bonds market;

“Foreign Currency Market Participant” - gives a right to participate in the foreign currency market;

“Credit Resources Market Participant” - gives a right to participate in trading in the credit resources tiers.

Meanwhile, you can obtain more than one market participant statuse at the same time.

 

What kind of documents should be provided?

- If you are considering becoming a member, please review the following main forms that need to be completed and submitted to NASDAQ OMX Armenia:

  • application
  • company information
  • trader data
  • power of attorney granted to trade participants (individually for each participant)
  • copy of the state registration certificate or its equivalent
  • Copy of the Charter
  • the tax registration document (TPIN – Tax Payer Identification Number)
  • copy of the decision on election or appointment of the Applicant’s executive body or
  • relevant extract from the decision
  • copies of the Applicant’s licenses
  • copies of passports of management and responsible employees, as well as of trade participants
  • copies of professional qualification certificates of management and responsible employees, as well as of trade participants (if any)
  • if the Applicant is a bank, a copy of the notice on provision of investment services submitted to the Central Bank
  • trade contract signed and sealed by the head of the Applicant’s executive body.

- In order to participate in Government Bonds Market or Foreign Currency Market, you shall submit the following 3 documents in addition to the documents above:

  •  Information about the Applicant's AMD accounts, as well as securities and/or foreign currency accounts;
  • Applicant's written acceptance indicating the Operator's right to levy means from cash or/and securities accounts of Applicant;
  • Written acceptance of the Settlement agent of Applicant indicating the Operator's right to levy means from cash or/and securities accounts of the Settlement agent, maintained at appropriate settlement bank. (two original documents)

- In order to participate in Credit resources Market, you shall submit the following documents in addition to all the documents above:

  • Applicant's written acceptance indicating the Operator's right to levy means from the Applicant's own accounts maintained at CBA. (two original documents)

 All the documents are available for download in Armenian page of the section.

For most detailed information on NASDAQ OMX Armenia member admittance procedure and the full list of forms and documents to be submitted please refer to our Membershp and Market Participation Rules (Chapter 3).

 

Other additional requirements to each status

- A status of an Exchange Member and governments bonds market participant may be granted to those market participants, who at least have a license for concluding transactions with securities on their or client’s behalf and on the client’s and/or their account and on their name.

- A status of a foreign currency market participant may be granted to those market participants, who have a relevant license for implementing activities in the foreign currency market.

- A status of a credit resources market participant may be granted to those market participants, who have a license for implementing banking activities.

 

Membership contact: Armen Khachatryan, Chief Specialist, Market Services department, Tel.: +374 10 54 33 21 ext.121.

Updated as of: 07.04.2017