Regulatory Alerts2021-05-31
Regulations on Trading Investment Securities
The State Committee for Securities of Azerbaijan issued Resolution 02 to establish comprehensive rules for purchasing and selling investment securities on stock exchanges and over-the-counter markets. The regulations mandate that securities trading through investment companies requires formal agreements and electronic execution within the depository system, while transactions without such intermediaries must be notarized with real-time ownership verification and payments routed through notary bank accounts. These provisions exclude central bank monetary operations, margin trading, and repo agreements, ultimately ensuring that property rights transfer legally upon depository registration and are formally confirmed by account extracts.
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