Regulatory Alerts2021-05-31
Regulations on Subscription to and Placement of Investment Securities
The State Committee for Securities of the Republic of Azerbaijan issued Resolution No. 04 to establish standardized procedures for subscribing to and placing investment securities through public offerings or closed placements. The regulations mandate that underwriters manage subscription orders within a three-month term, followed by a placement period not exceeding seven working days during which investor funds are held in designated temporary accounts. Issuers must submit a results report within ten working days for Committee approval, after which unplaced securities are withdrawn from circulation and final funds are transferred to the issuer.
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