Single law on securities market to be prepared in Azerbaijan

Business Materials 22 July 2010 16:47 (UTC +04:00)

Azerbaijan, Baku, July 22 / Trend I. Khalilova /

Such new factors as soft monetary policy, stabilization, privatization and tax benefits have affected the securities market of Azerbaijan in the first half of 2010, chairman of the Azerbaijani State Committee for Securities Rufat Aslanli said at the reporting meeting on the results of six months.

Acting Director of Market Development and Research Amin Muradov provided detailed information on de-bureaucratization of market institutions, the integration of trade and post-trading platforms, reducing operating costs and availability of new tools.

After discussing the structural units' activity, instructions were given about their future. Evaluating the activities of the State Committee for the reporting period as fruitful, chairman said that the level of responsibility increases in connection with the preparation of a medium-term strategy of development of securities market and a single law for the market at the next level.

Aslanli instructed to accelerate reforms in accordance with the plan of actions for the next period, as well as develop new initiatives to stimulate demand and increase supply in the stock market.