Introduced System of Electronic Disclosure of Data from Issuers of Securities

From New Year on the State Securities Committee starts electronic disclosure of issuers’ data. For this purpose, they introduce a special electronic system. This was announced during the Open Day for the local media.

Electronic disclosure is a single resource for information on the collection, storage and disclosure of information to be made public issuers. Its creation is provided from July 2015 by the Law of AR "On the Securities Market".

According to the public relations sector of the SSC, the annual and semi-annual reports of issuers of securities of mass accommodation will be made public through the information resource of the agency within the statutory period. At the same time, these materials will be posted on the website of Baku Stock Exchange issuers and corporate websites.

Annual and financial reports of issuers of the Central Bank of Azerbaijan are to be made public within one month after their approval by the general meeting of shareholders. As a rule, general meetings are held before June 30.

For 10 months of this year, the annual reports for 2014 were presented by 478 of about 1,500 issuers of securities placed through mass proposal.

Note that it was the first and last Open Day held in the SSC this year. Turan news agency was not invited to participate in it. -----08D