TODAY.AZ / Business

CI Bank's license on dealer activity expired

31 January 2006 [05:43] - TODAY.AZ
A license given to the Capital Investment Bank for getting to dealer activity was considered invalid.

As APA reports refering to State Committee for Securities (SCS), the reason of invalidity of the license is expiration of its 5-year period.

However if the Bank appeals to SCS, the Committee can consider an issue of elongation of the validity period of the license.

It should be noted that 11 licensed companies are engaged in dealer activity in the stock market of the republic at present.

URL: http://www.today.az/news/business/22698.html

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