Tokayev approves EAEU broker agreement amid regional trade integration
Kazakhstan's President Kassym-Jomart Tokayev has approved an agreement allowing brokers and dealers from Eurasian Economic Union (EAEU) member states to participate in organized exchange trading across the union. The agreement facilitates cross-border trading in securities and derivatives. This move comes as EAEU countries seek deeper economic integration.
Agreement Provisions
The agreement allows brokers and dealers from one EAEU member state to engage in organized trading of securities and derivatives in other member states. Participation is contingent upon obtaining a license issued under the laws of the member state where the broker or dealer is registered. The agreement excludes entities operating under special legal regimes in the financial sector.
Licensing and Compliance
Brokers and dealers must obtain licenses in accordance with the legislation of their home state. Exchanges in member states can rely on these licenses, assuming due diligence has been conducted. This includes verifying that there are no unresolved criminal convictions against individuals involved in the trading entities.
What's Next
The agreement will now be implemented across EAEU member states. It remains unclear how quickly each state will adapt its regulations to accommodate the new trading framework.
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Tokayev approves EAEU broker agreement amid regional trade integration
