BSE started to provide more limited information on the situation outside the exchange

Baku/04.12.13/Turan : From November this year, BSE began to provide more limited information about the state of the OTC securities market . In the exchange they explain this with "lack of activity ", although the volume of transactions on the OTC platform was several times higher than stock performance.

In November, the exchange on which the State Securities Committee in August 2011 laid the function of data release on OTC transactions provided 4 items of information on a monthly basis . In November the update only began with the 18th . In the BSE a source at the marketing department told Turan that from December 4 will resume the provision of information on a daily basis .

Note that the SSC adopted August 26, 2011 "Rules for the execution of transactions for the purchase and sale of registered investment securities ." According to paragraph 3.4 of this regulation , the exchange is required to disclose on its corporate website information received from the depositary about registered OTC . Information about the adoption of this document was not disclosed for reasons known only in December 2011 and became the Exchange to disclose full information about OTC (except the parties to the transaction ) . However, two months later, Exchange no longer publish these data without any explanation. BSE later adopted its own rules of disclosure of OTC transactions , which provide information only on the volume of transactions, while not even the daily and monthly basis .

Note that since the 14th December 2012 are " rules to prevent abuses in the securities market ", according to which the BSE must also disclose information about insider trading . Exchange still has disclosed only one deal in shares of AXA MBASK. Although the OTC market , probably passed the deal one of the parties which is an insider, not just a single issuer . 08B