Regulatory Alerts2021-07-30
Added · Updated
Regulations on the Issue of Securities of Foreign Issuers into Circulation in the Republic of Azerbaijan
The State Committee for Securities under the President of the Republic of Azerbaijan issued Order No. 155 to establish the regulatory framework for introducing foreign securities into the domestic market. The regulations mandate that issuers or holders must obtain an official Certificate from the Committee by submitting specific documentation, including applications, registration proofs, and prospectuses, within a 30-day review period. Furthermore, the document outlines post-issuance obligations such as public disclosure, placement reporting, and depositary storage requirements, while reserving the Committee's right to restrict or suspend circulation to ensure market stability.
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