Translated with AI
The 28th meeting of the Council of Heads of Authorized Bodies for Securities Market Regulation of the Commonwealth of Independent States (CIS) was held at Moscow Exchange, the press service of the Organization's Executive Committee reported.
The meeting was attended by representatives of the Republic of Azerbaijan, the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, the Republic of Tajikistan, the Republic of Uzbekistan, as well as representatives of the CIS Executive Committee, the Baku Stock Exchange and Moscow Exchange.
Boris Nikolaevich Blokhin, Managing Director of Moscow Exchange, delivered a welcoming speech, thanking the Council members and fellow CIS stock market representatives for the well-established collaboration between the exchanges and securities market regulators of the Commonwealth countries.
Participants in the meeting reported on the most significant developments in the securities markets of CIS member states in the current period, noting the active work on coordinating the activities of Commonwealth states in the financial and economic sphere, improving the mechanisms for issuing and trading securities, and harmonizing stock market regulatory standards.
Mikhail Evgenievich Myskin, Director of the Department of Economic Cooperation of the CIS Executive Committee, presented information to the meeting participants on the current economic situation in the CIS member states and the related tasks of the Council.
During the meeting, information was heard on the legislation of CIS member states regulating virtual assets (digital rights), as well as on the avoidance of double taxation on transactions of professional participants in the financial market.
During the Council meeting, the creation of a working group was approved, the purpose of which is to develop a unified system of information exchange in the area of combating illegal activity and to prepare a consolidated analysis on the expansion of investment instruments: securitization, sukuk, and sustainable finance.
A decision was made to prepare a Report "On the Practice of Approximating the Legislation of the CIS Member States Regulating the Procedure, Practice, and Features of Taxation in the Securities Market," which will be submitted to the CIS Executive Committee for consideration by the highest bodies of the Commonwealth in accordance with the established procedure in 2026.
The next meeting of the Council is scheduled to be held in the first half of 2026.
