On February 13 the Cabinet of Ministers approved the Rules for the development and adoption of normative acts on supervision of financial markets." The Chamber, which has the status of public legal entity, was established by the state a year ago and still has not had the possibility of adopting regulations.
An FMSH normative act is a document that reflects the mandatory rules of conduct limited range of subjects. These are: credit institutions, insurance companies, investment funds, joint stock companies, and other entities that are issuers of securities.
The normative act is approved by the FMSH Board of Directors. The document shall be promulgated in the State Register of legal acts.
The normative act cannot establish a measure of responsibility for its non-enforcement. ----08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review