Regulatory Alerts2021-07-30
Added · Updated
Mandatory Requisites of the Certificate of Securities Issued in Documented Form
The State Committee for Securities under the President of the Republic of Azerbaijan established mandatory requisites for certificates of securities issued in documented form, pursuant to the Law "On Securities". This order specifies detailed requirements for share certificates, including issuer information, security type, face value, registration details, shareholder rights, and issuer authentication, and similarly outlines requisites for bond certificates, adding circulation period, interest rates, and repayment terms. It also mandates that bond certificate specifications apply to state and municipal securities and requires all certificate forms to incorporate at least three protective elements.
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