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LAW OF THE AZERBAIJAN REPUBLIC

of April 4, 2023 No. 855-VIQD

About modification of the Law of the Azerbaijan Republic "About the security market"

Being guided by Items 11 and 15 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie DECIDES: Majlis of the Azerbaijan Republic

The law of the Azerbaijan Republic "About the security market" (Collection of the legislation of the Azerbaijan Republic, 2015, No. 7, Article 813; 2016, No. 3, Article 411, No. 11, Article 1756, No. 12, Article 2003; 2017, No. 2, Article 159, No. 5, article 712, No. 12 (I book), Article 2222; 2018, No. 5, article 893, No. 7 (I book), Article 1395; 2019, No. 1, Articles 33, 50, No. 2, Article 189, No. 5, Articles 807, 815, No. 6, Article 999, No. 7, Article 1184; 2021, No. 12, Article 1298; the laws of the Azerbaijan Republic of December 20, 2022 No. 715-VIQD and 30 of December, 2022 785-VIQD) to add with Article 28.4 of the following content:

"28.4. Data on investment securities, including on government securities of the foreigners or stateless persons who got permission to temporary or permanent residence in the territory of the Azerbaijan Republic as a result of possession of government securities or investment securities of legal entities, 51 and more percent of shares (shares) of which belongs to the state, it is issued to relevant organ of the executive authority in the cases established by the Migratory code of the Azerbaijan Republic.".

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