The Securities Issuance System has been launched!
The goals set by the Central Bank in the strategic plan for the development of the capital market, as well as in the Action Plan for 2022 of the "Corporate management, investments, protection of investors' interests, business ethics and corporate social responsibility" working group of the "Commission for Business Environment and International Ratings" within the framework of its implementation, the Securities Issuance System was created and put into use on December 2, 2022.
The services provided to issuers by the Central Bank, the National Depository Center and the Baku Stock Exchange regarding the state registration and placement of investment securities (stocks and bonds) through the system have started to be implemented electronically. The main goal of creating this system is to create flexible financing opportunities in the market by expanding the application of electronic services on the capital market and making access to the market more accessible through digital channels.
The system includes state registration of the issue of investment securities, approval of issue prospectuses and information memoranda, state registration of the issue of shares in the case of merging, splitting and increasing or decreasing the nominal value of shares, state registration of the issue of shares during the reorganization of legal entities, withdrawal of investment securities from circulation , approval of the report on the results of the issue, state registration of the issue of investment securities outside the territory of the Republic of Azerbaijan, and state registration of additions and changes to the issue prospectus and the decision on the issue, allows to carry out the relevant operations in electronic form.
For the previously mentioned transactions, the issuers applied to all three institutions mentioned above separately, and the required documents were submitted in paper carriers. Implementation of the process on a single portal and electronicization of transactions will make an important contribution to the development of the capital market in our country, increase the quality of service in this area and ensure the convenience of issuers.
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 internet resource.
You can find more details at this link.
