Azerbaijan, Baku, Oct. 27 /Trend, I.Khalilova/
State Securities Committee (SSC) of Azerbaijan conducts preparatory work with potential issuers of new market instruments that will appear on the stock market by the end of 2010, said the chairman of the SCS Rufat Aslanli.
"Our goal is to establish a methodology and regulatory framework for the implementation of market instruments, then already issuers will enter the market, said Aslanli. - Draft regulations on these instruments have already been submitted to the Ministry of Justice for the preliminary analysis. In parallel, preparatory work is conducted with potential issuers who are interested in issuing these instruments in circulation."
In his opinion, the rules are expected to be adopted in mid-November and possibly by the end of the year or in the new year, new tools have already hit the market. Meanwhile, the head of the SSC declined to identify these tools.
The total turnover of transactions on all instruments at Baku Stock Exchange (BSE) in January-September 2010 amounted to 1.341 billion manat, 2.17 times less compared to the same period last year.