Azerbaijan to create conditions for trade in foreign securities before 2018

Azerbaijan, Baku, Oct. 30 /Trend A.Akhundov/

The organisation and promotion of financial intermediation and work of schemes of collective investment are included in the priorities of development of Azerbaijan's securities market in the coming years, the concept of socio-economic development for 2014 and the next three years said.

Another priority is the institutional development of the securities market which in particular, involves the creation of a single depository system of government and corporate securities and integration of an operational-settlement system of the organised over-the-counter securities market into the clearing system, securities trading.

In early September 2013, the State Securities Committee of Azerbaijan announced about the completion of Azerbaijani National Depository Centre's project (NDC) on consolidation of the post-trading infrastructure. Prior to this project the NDC was performing the role of a central depository and registrar of the securities market.

From September 3, 2013, the NDC began carrying out the clearing and settlement functions for all transactions conducted at the Baku Stock Exchange (BSE) on the integrated model 'Delivery Versus Payment'. Thus, the NDC of Azerbaijan has centralised the full range of post-trading services, completing the formation of a central depository of the country's securities market.

The NDC said earlier it plans to introduce electronic services in the near future on the basis of a single post-trading platform. The possibilities of e-services will include an electronic register of security holders, electronic statements and online access to deposit accounts, electronic voting and other features. Support of the demand and offer on the securities market will be secured in line with this concept.

It is planned to create a legal framework in this direction for the activities of market maker institutions, promotion of their activities and creation of a platform for small and medium-sized businesses for alternative stock trading increasing their ability to attract funding from the stock market and formation of the regulatory framework for trade in the local market of securities traded on foreign stock markets and vice versa, as well as the establishment of a trading system.

The priority areas also include extension of the principles of financial transparency and corporate governance, improvement of the legal and regulatory framework of the securities market and raising awareness about the stock market and vocational training.

Energy Community: Georgia has big potential to become regional gas trading center
Energy Community: Georgia has big potential to become regional gas trading center
Armenia confirms 16 people killed
Armenia confirms 16 people killed
Azerbaijani community of Nagorno-Karabakh issues statement on Armenia’s recent attack (VIDEO)
Azerbaijani community of Nagorno-Karabakh issues statement on Armenia’s recent attack (VIDEO)
Loading Bars
Latest
Azerbaijani Foreign Ministers hold phone talk with US Deputy Secretary of State
Azerbaijani army forces continue to destroy Armenian military equipment
Oil edges lower as rising virus cases cloud demand recovery outlook
U.S. judge blocks Trump administration TikTok app store ban
US warns Iraq about possible shutdown of embassy in Baghdad
13 Boko Haram militants surrender to Nigerian troops
Wildfires in California grow to 3.6 mln acres
Israel reports 3,926 new COVID-19 cases, 231,026 in total
US urges Armenia, Azerbaijan to cease hostilities immediately
Massacre in Mexican bar leaves 11 people dead
5.3-magnitude quake hits 6 km ENE of Masagua, Guatemala
Armenia confirms lose of several occupied regions of Azerbaijan
Iran assigns more credit to develop Kermanshah Province
Power plants put into operation in Iran's Khuzestan Province
Energy Community: Georgia has big potential to become regional gas trading center
President Ilham Aliyev: We are on right path, we are defending ourselves, we do not lay claim to anyone else's lands
Azerbaijani Prosecutor General's Office: Measures being taken to bring Armenian servicemen to justice
President Ilham Aliyev: I warned Armenia
President Ilham Aliyev: I congratulate all people of Azerbaijan!
President Ilham Aliyev: Army building always top priority of my activity
Azerbaijani president: As result of our focused, tireless efforts, world has broad picture of Nagorno-Karabakh conflict today
Azerbaijani president: Several occupied Azerbaijani settlements have been liberated
Azerbaijani president: There is high morale in all our military units, formations
President Ilham Aliyev: Everyone in their place, are ready to support our army and state at any time
Azerbaijani president: Armenia once again shows that its policy of aggression against Azerbaijan continues, this policy shows fascist essence of Armenia to whole world
Azerbaijani State Service for Mobilization: Martial law does not mean immediate mobilization
Qatar reports 234 new COVID-19 cases, 125,084 in total
Azerbaijani Defense Ministry: Ammunition depot of Armenian armed forces destroyed (VIDEO)
Azerbaijan to appeal to int'l organizations to hold tribunal over Armenia
Defense ministry: Azerbaijani armed forces destroy lot of manpower and military equipment
President Ilham Aliyev signs Decree declaring martial law
Turkish Foreign Minister: Armenia once again gets response on battlefield
EU official Joseph Borel expresses serious concern over situation in region during phone call with Azerbaijani MFA
Assistant to president: Azerbaijani army achieves major strategic advantage by liberation of Murovdag
Hikmat Hajiyev: Azerbaijani armed forces continue to liberate occupied territories
Polish MFA expresses deep concern with reported military clashes around Nagorno-Karabakh
MFA: Iran ready to employ all of its capacities to help establish a ceasefire
Five members of Azerbaijani family killed as result of Armenian shelling
Azerbaijani, Turkish MFAs hold telephone conversation
Azerbaijani Foreign Ministry urges international community to condemn Armenian official’s racist and chauvinist statement
Armenia confirms 16 people killed
Pakistani MFA: Armenia must stop its military action to avoid further escalation
Azerbaijani MFA, EU Special Representative for South Caucasus hold phone conversation
Turkish MFA: We will remain with our brothers, Azerbaijani Turks, till end
Azerbaijani Prosecutor General's Office: Number of wounded among civilians reaches 14
Azerbaijan's political parties issue joint statement on Armenian provocation against Azerbaijan
Azerbaijani, Russian MFAs hold phone conversation
Azerbaijan introduces martial law
Defense ministry: Armenian armed forces fleeing battlefield leaving combat vehicles behind (VIDEO)
Azerbaijani Defense Ministry: Murovdag peak of Murov mountain system liberated
PM Pashinyan urges Armenians to flee from Nagorno-Karabakh region to Armenia
Iranian Energy Exchange announces products to be on sale September 28
Defense ministry: Azerbaijani military command proposes Armenian garrison in Agdere to surrender
EEAS High Representative: Return to negotiations of Nagorno Karabakh conflict settlement needed urgently
Azerbaijani parliament make decision to introduce martial law
Iran’s Bahar Azadi gold coin price still rising
UN High Commissioner for Refugees: Crucial that Armenia and Azerbaijan heed calls for de-escalation, calm
Azerbaijani president: Armenia will be held accountable for this crime
NATO deeply concerned by large-scale military hostilities in Nagorno-Karabakh conflict zone
ICRC calls on Armenia, Azerbaijan to take all measures necessary to ensure that civilian life and infrastructure respected, protected
Iran expands volume of gas reserves
Azerbaijani defense minister: Armenian armed forces retreating suffering big losses
Ukrainian MFA deeply concerned with escalation of conflict between Armenia, Azerbaijan
Azerbaijani community of Nagorno-Karabakh issues statement on Armenia’s recent attack (VIDEO)
MFA: Georgia express readiness to contribute to de-escalation of Armenian-Azerbaijani conflict
Azerbaijani president: I have said several times, including from UN platform recently, that Armenia preparing for new war, and Armenia must and will be stopped
Israel-Azerbaijan International Association urges Armenia to stop occupation policy
President Ilham Aliyev: Azerbaijan will never negotiate with puppet junta regime
Azerbaijani president: Ours is the cause of justice, we will win
Azerbaijani president: Armenia received their punishment this time again and will continue to receive it
France reiterates its commitment to reaching negotiated and lasting settlement of Nagorno Karabakh conflict
Turkish president phones Azerbaijani president
OSCE Chairperson-in-Office calls for return to ceasefire around Nagorno-Karabakh
German Federal Foreign Office appeals to end hostilities within Nagorno Karabakh region
President Erdogan: Turkey with all its capacities close to Azerbaijan
Assistant to president: Security Council holds meeting chaired by Azerbaijani supreme commander
Iran reveals its COVID-19 data for September 27
Azerbaijani parliament to hold meeting
Azerbaijani Defense Ministry shared video footage from battlefield
Azerbaijan confirms 132 more COVID-19 recoveries
Azerbaijani Defense Ministry: Armenian armed forces’ defense line broken through, 7 villages liberated from occupation
Kazakhstan's MFA calls to abandon use of force, start negotiations
Council of Europe Secretary General calls on Armenia, Azerbaijan to immediately stop hostilities
Hajiyev: Azerbaijani people united around supreme commander
Hikmat Hajiyev: Armenians distributing old videos
President of European Council appeals for military action to stop within Nagorno Karabakh conflict
Azerbaijani Prosecutor General's Office: 9 wounded civilians hospitalized
Azerbaijani BestComp Group wins CISCO Corporation's tier-one partnership
Weekly review of Azerbaijan's transport sector
Georgia president: Very concerned with resumption of hostilities between Armenia, Azerbaijan
Turkish Parliament Speaker: Armenia - terrorist state that threatens not only Azerbaijan
Turkish ambassador: Turkey has always been and will be next to Azerbaijan
Defense ministry discloses villages liberated by Azerbaijani army
Zakharova: Russian FM intensively conducting talks on situation in Nagorno-Karabakh region
OSCE MG co-chairs appeal to cease hostilities within Nagorno-Karabakh conflict
Azerbaijan's MFA: Full responsibility for current situation falls on Armenia
Assistant to president: Azerbaijani armed forces liberate number of occupied territories
Azerbaijani president chairs meeting of Security Council (PHOTO)
Defense Consultant: Any activities conducted in Nagorno Karabakh by Armenia - illegal
CSTO makes statement regarding aggravation of Nagorno-Karabakh conflict
All news