EEC drafting agreements on mutual admission of securities, EEU brokers and dealers to trading on domestic stock exchanges
<p> MINSK, Sep 29 - PrimePress. The Eurasian Economic Commission (EEC) is currently developing draft agreements on mutual admission of securities as well as brokers and dealers of the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) for participation in the organized trading at the domestic stock exchanges of the member states, the EEC press service reports. </p> <p> </p> <p> The document authorizes national exchanges to provide brokers and dealers of the EEU with direct access to exchange trading in securities and financial instruments. “At the same time, to harmonize procedures for mutual recognition of securities issues and their admission to stock exchanges, a draft agreement on mutual admission to the placement and circulation of securities in organized trading in the EEU states has been developed,” the EEC said. </p> <p> </p> <p> Experts say the common exchange space will expand mutual economic and investment cooperation of the EEU countries, as well as increase cross-border activity of issuers and professional participants. </p> <p> </p> <p> For example, 272 brokers operate in Russia, and with the opening of mutual access to the Union markets, this figure may increase to 434 - that is how many brokerage companies are operating today in our Union,” said EEC Minister for Economy and Financial Policy Ruslan Beketayev. </p> <p> </p> <p> It is expected that, in the long term, EEU market participants will have access to a total exchange capital of about $171bn. End </p> <p> </p>
2021-09-30
Primepress
EEC drafting agreements on mutual admission of securities, EEU brokers and dealers to trading on domestic stock exchanges
MINSK, Sep 29 - PrimePress. The Eurasian Economic Commission (EEC) is currently developing draft agreements on mutual admission of securities as well as brokers and dealers of the Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) for participation in the organized trading at the domestic stock exchanges of the member states, the EEC press service reports.
The document authorizes national exchanges to provide brokers and dealers of the EEU with direct access to exchange trading in securities and financial instruments. “At the same time, to harmonize procedures for mutual recognition of securities issues and their admission to stock exchanges, a draft agreement on mutual admission to the placement and circulation of securities in organized trading in the EEU states has been developed,” the EEC said.
Experts say the common exchange space will expand mutual economic and investment cooperation of the EEU countries, as well as increase cross-border activity of issuers and professional participants.
For example, 272 brokers operate in Russia, and with the opening of mutual access to the Union markets, this figure may increase to 434 - that is how many brokerage companies are operating today in our Union,” said EEC Minister for Economy and Financial Policy Ruslan Beketayev.
It is expected that, in the long term, EEU market participants will have access to a total exchange capital of about $171bn. End