Azerbaijan approves new rules on reports of professional participants of stock market

Azerbaijan approves new rules on reports of professional participants of stock market
# 28 February 2013 09:17 (UTC +04:00)

Baku. Nijat Mustafayev – APA-Economics. Rules on ‘Demands on reports of professional participants of securities market, as well as their introduction and publication’ have been approved under decision of State Committee for Securities.

According to APA-Economics, the rules were developed under the demands of leading international standards to provide flexible risk-based prudential regulation and supervision in securities market. Thus, the new accountability system, defined by these rules, will allow professional assessment of the financial sustainability and management systems and taking preventive measures to reduce the identified risks.

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