![Rules of Development and Adoption of Normative Acts of FMSH Approved](https://turan.az/resized/./turan-750-500-resize.webp)
Rules of Development and Adoption of Normative Acts of FMSH Approved
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
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