This service is intended for any company, with issued registered securities. These are closed joint stock companies and any company of any legal and organizational structure, with issued bonds.
As an Account Operator, the Bank intermediates the provision of registry maintenance services by carrying out any lawful instruction submitted by the Customer in connection with the maintenance of the registered securities registry. Within the framework of intermediation of registry maintenance services, the Bank also provides:
Previous Terms of Registry Maintenance and Corporate Securities Custody Tariffs.
The Registry Maintenance Agreement is CONCLUDED if the Issuer is transferring the maintenance of its Registry to the Central Depository for the first time. During the conclusion of the Agreement, the Bank represents the Issuer in its relations with the Central Depository.
Documents required for concluding the Agreement:
a) An application from the Issuer addressed to the Bank's Chief Executive Officer expressing the intention to conclude an agreement for maintaining the registry of owners (nominees) of registered securities, bearing the Issuer's seal and signed by the Issuer's authorized representative,
b) A copy of the document certifying the Issuer's state registration (including all attachments thereto),
c) The Issuer's card, which must indicate the Issuer's name, location, postal address, means of communication, country of state registration, taxpayer identification number (or, if unavailable, another identification number issued by the relevant state authority),
d) A copy of the document confirming the powers of the Issuer's executive body,
e) An identity document of the head of the Issuer's executive body and its authorized representative (if applicable),
f) A statement regarding the availability (printing) of securities certificates,
g) Paper versions of the list of registered owners (nominees) of registered securities (excluding securities issued but not yet placed), indicating the total quantity and nominal value of the securities of the relevant class. The paper version must be certified by the Issuer's seal (if applicable) and signed by the head of the executive body. If a Registry Maintenance Agreement is concluded with the Issuer for a class of securities that has not yet been placed, i.e. there are no owners of that class of securities yet, the Issuer submits a Securities Class Card to the Bank,
h) An application for assignment of the International Securities Identification Number (ISIN) or Securities Identification Code.
Note: During the conclusion of the Agreement, additional information and documents may be required to ensure the proper maintenance of the Issuers' registries to the fullest extent possible.
If the documents submitted by the Issuer meet all requirements, the Registry Maintenance Agreement with the Issuer is concluded or renewed within 1 BUSINESS DAY.
Documents required for renewing the Agreement:
a) An application from the Issuer addressed to the Bank's Chief Executive Officer expressing the intention to conclude an agreement for maintaining the registry of owners (nominees) of registered securities, bearing the Issuer's seal and signed by the Issuer's authorized representative.
b) The Issuer's card,
c) An application for assignment of the International Securities Identification Number (ISIN) or Securities Identification Code (if required).
d) A copy of the document certifying the Issuer's state registration (including all attachments thereto),
e) A copy of the document confirming the powers of the Issuer's executive body, the identity document of the head of the Issuer's executive body and its authorized representative (if applicable).
Note: During the renewal of the Agreement, additional information and documents may be required to ensure the proper maintenance of the Issuers' registries to the fullest extent possible.
Learn More:
You can view the Central Depository of Armenia's “Rules for the Operation of the Unified Securities Accounting and Settlement System” here
For additional information, you can call 010 318888 or visit any branch of the Bank.
If the obligations stipulated by the Registry Maintenance Agreement are not fulfilled on time, a penalty of 0.15% of the amount due will be charged to the Issuer for each day of delay in payment.
