Azerbaijan, Poland agree to cooperate in securities market development
Baku, Azerbaijan, May 16
By Zulfiya Qurbanova - Trend:
The Azerbaijani State Securities Committee and the Polish Financial Control Agency prepared a draft memorandum of understanding on bilateral cooperation, the state committee reported on May 15.
The draft memorandum was prepared for the further expansion of bilateral relations, sustainability and determining the legal framework of relations.
This document was prepared as part of the twinning project "Bringing Azerbaijan on the securities market in line with EU legislation and institutional development of the Azerbaijani State Securities Committee", which was launched 20 months ago.
The twinning project is being implemented in collaboration with the Polish Financial Control Agency through EU funds.
The German Financial Supervision Agency supported the project to expand the foreign experience.
The project is implemented in three directions, namely, support for improving the legal framework, improving regulatory and supervisory skills on the securities market, as well as raising awareness of the market participants, including the ongoing changes in the legislation.
edited by CN