In November, the Central Bank of the turnover on the OTC market grew 3 times
Opaque market shares on the OTC platform continue to demonstrate strong performance. According to the National Depository Center, in November, the curb was concluded 60 transactions of purchase and sale of corporate securities in the total amount of 10 894 thousand manat, which is 7.2 million, or three times more than in October.
It is noteworthy that almost all transactions are made at the nominal value of the securities, leading to tax evasion.
Publication of daily information on OTC transactions in September 2011 assigned to the Baku Stock Exchange. However, Exchange ignores even the court decision on publication of an OTC transaction in accordance the rules approved by the State Committee for Securities. Trial court's decision to assign responsibility BSE publication OTC was upheld on appeal. But despite this manual exchange still "resists" Thus, the exchange has actually become the main obstacle transparency in the securities market in Azerbaijan. 08B
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