Conditions for uniform regulation of the securities market in the EAEU have been developed

On 27 January, the Board of the Eurasian Economic Commission (EEC) approved the draft recommendations of the EEC Council aimed at harmonising the legislation of the countries of the Eurasian Economic Union (EAEU) in the field of securities market regulation. The document covers the basic concepts and definitions used in the legislation, as well as requirements for market intermediaries - brokers. This initiative is being implemented within the framework of the EAEU Treaty, the Concept of the Common Financial Market and the agreement on harmonisation of legislation.

The harmonised proposals contain approaches to the regulation of brokers, including requirements for their financial performance, risk management, internal control, organisational structure and interaction with clients and regulators. Attention is also paid to reporting and disclosure issues. According to the EEC Minister for Economy and Financial Policy Bakhyt Sultanov, the proposals were the result of a comparative analysis of the legislation of the Union countries and are aimed at creating a transparent and trustworthy financial space.

Now the document will be submitted to the EEC Council for final approval. The approved recommendations will become the basis for improving the national laws of the Union countries, as well as the development of international treaties that promote further integration in the EAEU financial market.