EAEU Advances Toward Unified Financial Market with Cross-Border Securities and Broker Access
The Eurasian Economic Union (EAEU) has taken a significant step toward creating a unified financial market by progressing on two key agreements: the cross-border access to securities placement and circulation and the cross-border admission of brokerage firms and dealers.
These agreements are part of the EAEU's broader strategy to remove barriers between member states, enabling exchanges to list securities from other member states on equal terms, and allowing brokerage firms to operate across borders without qualification restrictions.
According to Jakserik Serekev, Commissioner for Economic and Financial Policy at the Eurasian Economic Commission (EEC), the agreements will help facilitate market access and direct participation by securities firms from all member states, contributing to the establishment of a unified trading market within the EAEU.
The agreements align with the EAEU Unified Financial Market Blueprint approved in 2019 and are expected to enhance market integration and liquidity within the region.
For global financial institutions, these developments present an opportunity for expanded access to EAEU markets, facilitating broader participation in the region's financial activities.
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