Tashkent, Uzbekistan (UzDaily.com) -- The Board of the Eurasian Economic Commission approved a roadmap for the formation of a common exchange space of the Eurasian Economic Union.

The stated goal is to increase the cross-border activity of issuers of the Member States and increase investor confidence in the financial markets in the EAEU.

It is noted that the common exchange space within the EAEU will form the foundation for: a) free movement of capital; b) improving the quality of funding; c) expanding investment and savings opportunities for the population; d) creation of mechanisms for carrying out cross-border operations.

The roadmap envisages the conclusion of a number of agreements between the EAEU member states, aimed, in particular, at:

First, the admission of brokers and dealers of one-member state to participate in organized trading on exchanges of other member states. This will give the national exchanges the right to recognize licenses of brokers and dealers issued by the authorized body of the EAEU state, and will provide them with the opportunity to directly participate in trading to conclude contracts for the purchase and sale of securities and derivatives.

Secondly, the creation of a unified system of disclosure of corporate and financial information. This system will enhance investor confidence, support the proper functioning of financial markets and ultimately provide more stable sources of financing for the company.

Third, the development of mechanisms to counteract abuse in the securities market and protect the rights of investors, as well as the formation of a settlement and depository cluster and a clearing system for conducting settlements on market transactions in electronic form.

In general, according to experts, the common exchange space of the Union will increase the investment attractiveness of financial markets and will allow attracting additional resources to the national economies of the EAEU member states.