Issuers of corporate securities at Baku Stock Exchange exempt from listing fees
BAKU, Azerbaijan, Jan.11
By Zeyni Jafarov - Trend:
The Baku Stock Exchange (BSE) will implement support measures proposed by the Central Bank of Azerbaijan (CBA) in order to reduce the negative impact of the COVID-19 pandemic on capital market participants, Trend reports referring to the BSE.
Issuers of corporate securities listed from January 1, 2021 through July 1, 2021 will be exempt from listing payments for a period of one year from the date of their listing.
The range of documents required for the placement of securities using the public offer method will be minimized until July 1, 2021: issuers are required to submit only a notarized extract from the state register of securities and the issue prospectus.
The number of members of the BSE reached 9 after in 2020 Investment Company MBA-Invest CJSC and Investment Company MFX Trading OJSC were admitted to the BSE’s membership on the basis of applications.
The total volume of securities transactions at the Stock Exchange in 2020 amounted to over 12.9 billion manat ($7.6 billion).
(1 USD = 1.7 AZN on Jan.11)