Headline changed, details added (First version posted on 14:28)
Baku, Azerbaijan, Feb. 3
Trend:
President Ilham Aliyev has signed a decree on the establishment of a public legal entity- the financial market supervisory body - in Azerbaijan.
The financial market supervisory body will handle all the functions of Azerbaijani State Committee for Securities, State Insurance Supervision Service under the country's finance ministry, Financial Monitoring Service under the Central Bank of Azerbaijan.
All the property of the mentioned state structures will be transferred to the financial market supervisory body. The mentioned structures will be liquidated since the day when the financial market supervisory body's Charter enters force.