Regulatory Alerts2021-06-07
Added · Updated
Regulations on the Minimum Charter Capital of Licensed Securities Market Participants
The State Committee for Securities of the Republic of Azerbaijan issued Resolution №10-q to establish minimum charter capital requirements for licensed securities market entities. The regulation mandates a one million manat minimum for stock exchanges, clearing houses, and investment fund depositories, while setting lower thresholds of 75,000 and 300,000 manats for specific categories of investment companies. It further dictates that authorized capital must be paid in cash and held in special accounts until share issuance reports are approved, with transitional provisions allowing property contributions for reorganized entities.
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