State Securities Committee approves new rules

A decision of Azerbaijani State Committee for Securities (SCS) approved rules for the preparation and publication of annual reports on the activities of issuers of investment securities.

This was stated in a report published on the official website of the committee on Tuesday.

The rules were included in the State register of legal acts of the Azerbaijani Republic.

The updated regulations define the financial reporting process, depending on the specifics of the issuers, including the publication of information about shareholders included in the annual reports of issuers, depending on the method of securities placement.

Earlier, the State Securities Committee approved rules concerning the emission of investment securities. They regulate the emission of corporate bonds by entities, the emission of additional shares during increases of the authorized capital of joint stock companies, the emission of shares while increasing or reducing their nominal value, the issuance of investment securities during reorganization of commercial organizations, as well as defining procedures for assigning state registration numbers to investment security emissions.


/Trend/