The State Committee for Securities on March 6 held a presentation on the application of the new regulatory system for the professional participants of the securities market.
SSC adopted in February a number of regulations to implement the activities of brokers, compiling, reporting professional participants of the securities market and the publication of annual reports in the press.
Publication of annual report of professional participants of the securities market provides amendments to the Civil Code of 6 March 2004. However, none of the 18 professional participants of the market fulfills the requirements of this legislation.
The situation is no better also with the reporting of the issuers of investment securities: annual reports are published by no more than 2% of joint stock companies. However, the SSC still has not carried out information sessions on reporting for public companies, including the organization of electronic services to receive their annual reports. - 08D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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