MPs ratify Belarus-Russia agreement on financial market regulation
14:01, 9 June
The bill to ratify the Agreement between the Government of the Republic of Belarus, the National Bank of the Republic of Belarus, and the Government of the Russian Federation, the Central Bank of the Russian Federation on cooperation and exchange of information, including confidential information, in the area of supervision and (or) control of the financial market was passed at a sitting of the second session of the House of Representatives of the National Assembly of the eighth convocation on 9 June, BelTA has learned.
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The bill was submitted to the House of Representatives by the Council of Ministers. Its purpose is to express the consent of the Republic of Belarus to the binding nature of the agreement between the Government of Belarus, the National Bank of Belarus, and the Government of the Russian Federation, the Central Bank of the Russian Federation on cooperation and exchange of information, including confidential information, in supervision and (or) control of the financial market, signed in Moscow on 6 August 2024.
The agreement defines the procedure for exchanging information between the supervisory authorities of Belarus and Russia in financial market regulation, which is a necessary element of the common financial market.
According to the conclusion of the Justice Ministry and the Ministry of Foreign Affairs, the agreement does not contain provisions that contradict the Constitution or the international obligations of the Republic of Belarus, but it establishes rules that differ from those provided for in certain legislative acts. Based on the law “On International Treaties of the Republic of Belarus,” the agreement is subject to ratification.
