Azerbaijan, Baku, June 11 / Trend I. Khalilova /
Azerbaijan intends to introduce restrictions in the structure of assets of investment funds, which will be placed on foreign markets, chairman of the Azerbaijani State Committee for Securities Rufat Aslanli said.
"The structure of the assets of investment funds will be reflected in specially designed regulations. But these requirements do not imply restrictions on the inflow of investments from one market to another, and will serve to minimize risks of investment funds, he said.
According to the bill "Investment funds", funds can place their funds in various financial assets - stocks, debt instruments with fixed income.
The new law (the first law was passed in 1999) provides for the establishment of stock mutual funds, as well as open and closed mutual funds with a unit interval in Azerbaijan.