LLC Respublika Invest did not extend the period of its broker-dealer license to operate in the securities market that ended in September.
A functionary in JSC Bank Respublika, which is the sole founder of LLC Respublika Invest, told Turan that from now on, in compliance with the law, securities transactions will be performed by the bank.
LLC Respublika Invest operated from September 24, 2007. The company owns 5.55% of shares of Baku Stock Exchange closed-type JSC. In the stock market, the company mostly worked with corporate clients in deals with government and corporate debt securities, as well as in the primary and secondary stock market.
Azerbaijan has 14 active licenses for brokerage and 13 licenses for dealer activities in the securities market. - 08B-
Economics
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