Azerbaijan launches Securities Issuance System

The Securities Issuance System created by the Central Bank of Azerbaijan (CBA) has been launched, Report informs, referring to CBA.

With the launch of the system, the services provided to issuers by the Central Bank of the Republic of Azerbaijan, the National Depository Center (NDC), and the Baku Stock Exchange (BSE) in the process of issuing investment securities will be digitized. The main goal of launching this system is to create flexible financing opportunities in the market by expanding the application of electronic services on the capital market and making it more accessible through digital channels.

The system allows state registration of the issue of investment securities under the project, approval of prospectuses and information memoranda, state registration of share issues during the combination, splitting and increasing of the nominal value of shares, state registration of the share issue during the reorganization of legal entities, withdrawal of investment securities from circulation, acceptance of the report on the results of the issue, state registration of the issue of investment securities outside the territory, and the state registration of making annexes and amendments to the prospectus and decision on the issue.

Individuals seeking financing by issuing shares and bonds from the capital market, as well as investment companies providing underwriting services, can use the system by accessing the http://securities.e-cbar.az website.