ARMENIAN LEGISLATION ON FINANCIAL SERVICES BROUGHT INTO
LINE WITH EUROPEAN LAWS
27-02-2007 21:00:00 | Armenia | Economy
YEREVAN, FEBRUARY 27, NOYAN TAPAN. The RA National Assembly
on February 27 passed 15 bills and legislative packages
discussed the day before. Most of these bills and legislative
packages envisage amendments and additions in current laws.
Particularly, the amendment to the RA Code of
Administrative Infringements (it was passed in first reading)
invalidates the article on entering an election center while
being armed, as the RA Criminal Code also envisages punishment
for this action.
The addition to the Law on Protection of Atmosphere (passed
in first reading) clarifies obligations of construction
organizations with the aim of reducing dust emissions during
construction.
In accordance with amendments to the RA Criminal Code
(passed in first reading), the minimum amount of fine for
illegal tree cutting has been increased.
The bill on preservation, protection, keeping and hunting
of hunt animals and the bill on organic agriculture were passed
in first reading, the package of bills on insurance and
insurance activity - in second reading, particularly, the RA
legislation on financial services is brought into line with EU
laws, and the bill on unions of employers was passed in third
reading.