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
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
-
Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
Leave a review