Azerbaijani State Securities Committee prepares business plan for 2011
Azerbaijan, Baku, Nov. 2 / Trend N. Ismayilova /
The structural branches of the Azerbaijani State Securities Committee started preparing the business plan for 2011, a statement said.
The committee chairman Rufat Aslanli said that the reporting period was stressed by a number of features for the world and Azerbaijani economy. "Leading world economy showed a more conservative growth rate in connection with the use of measures to consolidate economic growth," Aslanli said.
Aslanli assessed the last period as fruitful for the activity of the State Committee. The structural branches of the committee were instructed to prepare business plans for 2011, which should be a year of expanding potential and developing the stock market.
The market for corporate debt securities increased by 2,5 times within a year. A significant revival was observed today on the primary equity market compared to the first quarter of this year.
The bills on Investment Funds [Azerbaijani Parliament has already adopted it in the third reading] the Securities, Amendments to the Code of Administrative Offences, which have been already submitted to the relevant organizations, were completed.
The work on the transition to electronic trading system and post-trade securities was summarized. After making certain changes in legislation, it is planned to put this system into full operation.
The strategic project documents on the WB's FİRST program were prepared during the reporting period.
Aslanli gave concrete instructions for structural branches for the next period.