According to the document, the agreement is aimed at creating a common interstate securities market, planning and taking measures within the Eurasec to uphold the interests of investors in the interstate securities market, creating an information database on interstate securities markets, and ensuring equal access to it.
"The interstate securities market implies the joining of the sides' securities markets, united by the common principles of functioning and state regulation," the agreement said.
Issuers of securities, investors, and professional participants in the securities market, who are determined in keeping with each side's legislation, can participate in the interstate securities market.
Transactions on the interstate securities market will be carried out in accordance with the legislation of the country in which the transactions occur.
"Each side grants the most favorable nation treatment to the other sides' residents on its securities market," the agreement noted.
The Eurasec member countries agreed to take measures to harmonize the legislation regulating securities. The sides will also have to take measures to evolve common approaches to exercising control on the securities market.
The agreement is open to any state in the Eurasian Economic Community.
The agreement was concluded for a term of five years and will be extended for the subsequent five-year periods if no party to it sends a written notice on its intention to discontinue its operation to the depositary at least 6 months before the first five-year term expires.
