This section contains the complete and most recent versions of the Rules of Armenia Securities Exchange. The Rules cover all areas of activity of the stock exchange and are designed to ensure fair and equitable treatment for all participants of the exchange trading.

The Rules and amendments thereto are registered by the regulator of the securities market, the Central Bank of Armenia (CBA). All amendments are incorporated into revised versions of the Rules and are posted on the website within three days after approval by the CBA.

The Rules are currently being translated into English, so check back soon. Please note that the English translations of all documents are for information purposes only, and that according to Armenian legislation, only the Armenian texts are legally binding.


Rules on Trading

Rules on Corporate Securities Trading

Rules on Securities Listing and Admission to Trading 

Rules on Government Bonds Trading

Rules on Foreign Currency Trading

Rules on Credit Resources Trading

Rules on Foreign Currency Clearing and Settlement

Rules on Government Bonds Clearing and Settlement 

Rules on Credit Resources Clearing and Settlement

Regulation on Emergency Situations

Rules on Tariffs

Rules on Membership and Market Participation

Rules on Surveillance

Rules on Ethics and Business Conduct

Rules on Corporate Securities Placement

Rules on Government Bonds Auctions

Rules on Information Disclosure

Regulation on Controller

IT security statement (available only in Armenian)

Quality policy (available only in Armenian)

Updated as of: 16.06.2021