News

26.06.2023

EAEU continues to harmonize financial market legislation

The Eurasian Economic Commission's Council has approved a report on implementing the action plan for harmonizing the financial market legislation. 

Measures to harmonize legislation are implemented in three sectors of the financial market (banking, insurance, and securities market) in accordance with the Harmonization Plan adopted in November 2020.

In general, the work is in line with the Harmonization Plan, and the activities are carried out in parallel. According to this plan, the work on legal harmonization should be completed in the banking and insurance sectors in 2025, and in the securities market sector in 2029. 

As part of the work done, a number of draft international agreements have been prepared to ensure transboundary admission of securities and brokers/dealers to participate in stock trading, as well as to introduce the institution of a standardized license.