On July 24, 2025, an online webinar was held under the Capital Market Support (CMS) Programme, focusing on the regulatory framework governing Armenia’s capital markets. The session was led by Arpi Ghazaryan, Program Manager at the Financial System Regulation Department of the Central Bank of Armenia, and brought together market participants to explore the legal and institutional structures supporting market integrity and investor protection.

The webinar provided a deep-dive analysis into the regulations essential for controlling, guiding, and ensuring the integrity of Armenia's capital markets. During this session, key discussions centered around:

Overview of the regulatory environment in Armenia’s capital markets

Key regulations affecting capital market operations and investor protection

This webinar is part of the ongoing CMS Programme, a joint initiative of the European Bank for Reconstruction and Development (EBRD) and the European Union (EU). The Programme is implemented by Galt & Taggart and Ameria Management Advisory, in partnership with the Ministry of Economy of Armenia.

All potential issuers of capital market instruments are encouraged to apply to the CMS Programme. Registration is open from June 9, 2025. Interested parties can register via the official website of the Programme: www.cms-armenia.ebrd.com.

Capital Market Regulation and Development Presentation Materials