Baku, Azerbaijan, Aug. 22
By Azad Hasanli - Trend:
The Association of Azerbaijani Stock Market Participants (AASMP) plans to achieve the introduction of tax privileges for participants of the securities market, Chairman of Managerial Board of AASMP Jeyhun Ibrahimov told Trend Aug. 22.
He noted that the association also plans to contribute to the creation of a modern system for trading in derivative financial instruments, the full digitalization of the trading process, as well as to expand the work on awareness campaign.
"We have already done some work in all these areas, and we expect to see concrete results in the future," he added.
In general, Ibrahimov continued, the activities of AASMP over the years, was divided into three main areas: informing and raising awareness about opportunities in the securities market; conducting analysis for ensuring more effective implementation of existing legislation and regulations, preparing practical proposals for improvement of legislation; cooperating with other associations, non-governmental organizations, government agencies and universities with the purpose of developing securities market.
"In the first direction, we are already cooperating with a number of media and have achieved constant publication of information and materials about the stock market. At the same time, in addition to publishing materials, we also hold various seminars, conferences and meetings with companies and potential investors," he said.
Ibrahimov said that within the framework of the second direction, the association has already sent a number of proposals to both the Financial Markets Supervision Chamber and the Ministry of Taxes and other agencies.
"We managed to achieve the implementation of some of these proposals, negotiations on some proposals are still going on," he said.
As for the third direction, in this case, AASMP has established active ties with all associations in the country, Ibrahimov said.
"Within the framework of cooperation [with associations], we plan to hold several joint events next year. In addition, we have held several seminars in cooperation with the Training Center for Financial Markets and plan to further strengthen this cooperation. We have also held and will continue to hold such seminars with a number of universities," the source said.
The Association of Azerbaijani Stock Market Participants has been operating since 2007. The members of the association are the Baku Stock Exchange, the National Depository Center, the Unicapital, Kapital Menecment, Invest-AZ, AzFinance, PASHA Capital, PSG Kapital, Xalq Kapital investment companies.
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