Bank Of Baku

Discussion of bill on investment fund to be continued in autumn session of Azerbaijani Parliament

Discussion of bill on investment fund to be continued in autumn session of Azerbaijani Parliament
# 21 September 2010 12:17 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The bill on the investment funds drafted by State Committee for Securities will be discussed in autumn session of Azerbaijan Parliament, chairman of the committee Rufat Aslanli informed.

According to him the first reading of the bill was held in spring session of the Milli Majlis. “We try the bill to be discussed in the second reading.”

Note that the bill on investment funds is the main legal document requiring for activity of investment funds. The bill includes 2 types of investment funds – shareholder and shared investment funds.

It is important to emphasize that the direction and instruments which may be invested by investment funds in Azerbaijan is planned to be widen. This means this is not only securities but other assets.
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