Regulatory Alerts2022-05-27
Added · Updated
Regulations on Withdrawal from Circulation and Liquidation of Investment Securities
The State Committee for Securities under the President of the Republic of Azerbaijan issued these regulations to establish the procedures for withdrawing investment securities from circulation and their subsequent liquidation. The document mandates that issuers must repurchase securities within specified timeframes, publish detailed public notices, and submit completion certificates to the regulator before final liquidation can occur. It further defines the specific operational steps for liquidating both uncertificated and certificated securities through depositaries and registrars.
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