State Committee for Securities (Azerbaijan)
Azerbaijan Republic 1000 | |
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| Website | www.scs.gov.az |
The State Committee for Securities of Azerbaijan Republic (
Azerbaijan Republic. The committee is headed by Rufat Aslanli
.
History
Establishment of securities market in Azerbaijan dates back to the beginning of the 20th century. In the first decades of the century, banks in
and others. After establishment of Soviet rule in Azerbaijan, the usage of notes was banned. With restoration of independence of Azerbaijan, establishment of securities market was one of the main priorities of the government. On July 26, 1999 Presidential Decree on "On Providing the Activity of State Committee for Securities under the auspices of the President of Azerbaijan Republic" formally established an agency under the office of the President of Azerbaijan overseeing organized securities market in the country. Since the inception, the committee has undertaken several important reforms on transparency of processing the security markets, adopted acts restricting potential risks in the markets to the minimal level, protecting rights of investors to comply with international standards. On February 15, 2000 the committee supported establishment ofIstanbul Stock Exchange being among them. The first trading operation at the stock exchange was carried out on September 1, 2000.[1]
On November 19, 2008 Presidential Decree No. 52 established State Committee for Securities.[2]
See also
References
- ^ "STATE COMMITTEE FOR SECURITIES UNDER THE AUSPICES OF AZERBAIJAN REPUBLIC". Retrieved 2010-12-15.
- ^ "Azərbaycan Respublikasında qiymətli kağızlar bazarının yaranma tarixi" [History of securities market in Azerbaijan Republic]. Retrieved 2010-12-15.
External links
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