14:49 - 20.12.2024

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December 20, Fineko/abc.az. Amendments have been made to the Procedure for investment services (operations) by investment companies & banks, approved by CBA Board’s Resolution #23/1 from August 31, 2021.

ABC.AZ informs that the relevant decision was signed by CBA chairman Taleh Kazimov.

An employee of the company and the bank engaged in investment activities for accepting and executing customer orders cannot simultaneously, as a member of the central securities depository and the stock exchange, engage in investment activities at his own expense for conducting transactions with securities or derivative financial instruments.

An employee of the company engaged in investment activities for conducting transactions with securities or derivative financial instruments at his own expense as a member of the central securities depository and the stock exchange cannot simultaneously engage in activities for providing investment advice or managing a portfolio of private investors.

All employees of the bank engaged in investment services (operations) must have an appropriate qualification certificate.