Republic of Armenia. Concession contracts covered under the regime of the Law on Public Procurement, when awarded by an entity listed in the Republic of Armenia's Annexes 1 and 2 to Appendix I to the WTO Government Procurement Agreement. to CHAPTER 2: ANTI-FRAUD AND CONTROL PROVISIONS of TITLE VII: FINANCIAL ASSISTANCE AND ANTI-FRAUD AND CONTROL PROVISIONS The Republic of Armenia undertakes to gradually approximate its legislation to the following legislation of the European Union and international instruments within the stipulated timeframes. Convention of 26 July 1995 on the protection of the European Communities' financial interests The following provisions of that Convention shall apply:
– Article 1 General provisions, definitions
(1) by taking the necessary measures to ensure that the conduct referred to in Article 1, and participating in, instigating, or attempting the conduct referred to in Article 1(1), are punishable by effective, proportionate and dissuasive criminal penalties Timetable: these provisions of that Convention shall be implemented upon the entry into force of this Agreement.
Republic of Armenia. Concession contracts covered under the regime of the Law on Public Procurement, when awarded by an entity listed in the Republic of Armenia's Annexes 1 and 2 to Appendix I to the WTO Government Procurement Agreement. The Republic of Armenia undertakes to gradually approximate its legislation to the following legislation of the European Union and international instruments within the stipulated timeframes. Convention of 26 July 1995 on the protection of the European Communities' financial interests The following provisions of that Convention shall apply:
– Article 1 General provisions, definitions
(1) by taking the necessary measures to ensure that the conduct referred to in Article 1, and participating in, instigating, or attempting the conduct referred to in Article 1(1), are punishable by effective, proportionate and dissuasive criminal penalties Timetable: these provisions of that Convention shall be implemented upon entry into force of this Agreement.
Republic of Armenia. Under current securities laws in Armenia, there are no restrictions on the offer or sale of foreign currency denominated state bonds, such as the Notes. It represents and agrees that it has complied and will comply with all applicable provisions of Armenian law with respect to anything done by it in relation to the Notes in, from or otherwise involving Armenia. Republic of Italy: No application has been or will be made by any person to obtain an authorisation from Commissione Nazionale per le Società e la Borsa (CONSOB) for the public offering (offerta al pubblico) of the Notes in the Republic of Italy. Accordingly, the subscriber of the Notes represents and agrees that it has not offered, sold or delivered, and will not offer, sell or deliver, has not distributed and will not distribute and has not made and will not make available in the Republic of Italy any of the Notes nor any copy of the Preliminary Prospectus, Pricing Notification or the Prospectus nor any other offering material relating to the Notes other than: to qualified investors (investitori qualificati), as defined by CONSOB Regulation no. 11971 of 14 May 1999, as amended and supplemented, on the basis of the relevant criteria set out by the Prospectus Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 as modified by Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010, pursuant to art. 000, xxxxxxxxx 0, xxxx. x) of Italian Legislative Decree no. 58 of 24 February 1998, as amended and supplemented (the Consolidated Financial Act); or in any other circumstances where an express exemption from compliance with the rules relating to public offers of financial products provided for by the Consolidated Financial Act and the relevant implementing regulations (including CONSOB Regulation no. 11971 of 14 May 1999, as amended and supplemented) applies. Any offer, sale or delivery of the Notes or any offering material relating to the Notes in circumstances described in the preceding paragraphs (a) and (b) shall be made: only by banks, investment firms (imprese di investimento) or financial intermediaries, to the extent duly authorised to engage in the placement and/or underwriting (sottoscrizione e/o collocamento) of financial instruments (strumenti finanziari) in Italy in accordance with the Italian Legislative Decree no. 385 of 1 September 1993, as amended and supplemented, the Consolidated Financial Act and the relevant implementing...
