Official of PAŞA Kapital fined

11:35 - 28.08.2023


August 28, Fineko/abc.az. An official of PAŞA Kapital has been brought to administrative responsibility.

According to the information received by ABC.AZ from the Central Bank, informing the public about the measures of regulation and control carried out by the Central Bank in the securities market is important in terms of protecting the rights of investors and ensuring transparency.

According to the information, for violation of paragraphs 33.1 of the law "On the securities market", paragraphs 3.4, 3.5, 14.3, 3.11, 12.1, 19.3.4, 19.3.8, 19.3.9, 19.4.9, 5.3, 5.5 of the "Procedure for the implementation of investment services (Operations) by Investment Companies" and 3.6, 6.5 and 8.2 of the "Margin Trading Rules", the official of the investment company was fined AZN 6,200 under Articles 414 and 416.0.1 of the Code of Administrative Law Offenses.