Here is the converted article text in Markdown format:

Central Bank Imposes Restrictions on Bank Shareholding

In a move to ensure stability and prudence in the banking sector, the Central Bank of Armenia has introduced new regulations governing the acquisition of shares in statutory funds. The rules aim to prevent any single entity from gaining excessive control over a bank’s operations.

New Guidelines

Under the new guidelines, any individual or entity seeking to acquire 20% or more of a bank’s statutory fund must first notify the Central Bank and obtain its approval. Additionally, individuals or entities holding 10% or more of a bank’s statutory fund will be required to disclose their ownership stake on an annual basis.

Restrictions on Share Transfers

The regulations also impose restrictions on the transfer of shares between related parties, including:

• Family members
• Affiliates
• Subsidiaries

Furthermore, the Central Bank has prohibited any individual or entity from acquiring a controlling interest in multiple banks without prior approval.

Goals and Benefits

The new rules are aimed at preventing insider trading and ensuring that bank shareholders do not exploit their positions for personal gain. They also aim to prevent banks from being controlled by a single entity, which could compromise their independence and stability.

“We believe these regulations will help maintain the stability of our banking sector,” said a Central Bank spokesperson. “By imposing these restrictions, we can ensure that banks are run in the best interests of their depositors and creditors.”

Industry Expert Reaction

The new regulations have been welcomed by industry experts, who argue they will help prevent potential risks to the financial system.

“The Central Bank’s move is a positive step towards ensuring the stability of our banking sector,” said an expert from a leading consulting firm. “By regulating shareholding, we can minimize the risk of bank failures and ensure that banks operate in a fair and transparent manner.”

Effective Date

The regulations will come into effect on [insert date], and all banks operating in Armenia are required to comply with them.

Note: Replace [insert date] with the actual effective date.