Finance

Home page

Finance

Meeting on adoption of new normative acts regulating the capital markets held in Baku

25 January 2011 15:59 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Today, a meeting on latest innovations conducted in improvement of normative market directed to regulation of stock market was held in State Committee for Securities, Baku, with the participation of staffs of National Deposit Fund, Baku Stock Exchange and other specialists of securities market.

According to SCS, the Standards on realization of Depository activity, Rules on realization of broker activity in securities market and Registration rules of securities and deposits have been presented within the event.

Registration rules of securities and deposits will provide the registration of deposit based on a window principle. According to rules, the state registration of deposit ill be carried out after application to the SCS.

The Standards on realization of Depository activity and Rules on realization of broker activity in securities market will reflect the improvement of information exchange among the broker, BSE and NDF, including advantages which makes the electrification system of information circulation important. Thus, the e-system will support the increase conducting rate of closed deals at stock markets.

Note that, the innovation will support the application of trade experience in Azerbaijanâ€™s securities market. Thus, the brokers and dealers will be able to conduct some transaction with a security, per day.