Armenian banks won’t be keeping the shareholders’ register

PanARMENIAN.Net -
During a session on February18, the Armenian government approved the amendments to be introduced in the RA law on banks and banking and RA law on joint-stock companies.



Arthur Javadyan, Chairman of the Central Bank of Armenia, highlighted that in compliance with the introduced changes, the banks acting on the territory of Armenia are not allowed to keep their own register of shareholders.



“According the law, investment companies have no right to keep the shareholders’ register and shall delegate the functions to a relevant authorized body. The latter shouldn’t be anyhow associated with the companies,” he added.