LAW OF THE AZERBAIJAN REPUBLIC

of October 22, 2013 No. 779-IVQD

About introduction of amendments to the Code of the Azerbaijan Republic about administrative offenses

Being guided by Item 17 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

In the Code of the Azerbaijan Republic about administrative offenses (Collection of the legislation of the Azerbaijan Republic, 2000, No. 8, the I book, Article 584; 2001, No. 1, Article 24, No. 3, Article 139, No. 7, Article 455, No. 11, Articles 680, 698, No. 12, Article 731; 2002, No. 1, Article 9, No. 4, I book, Article 165, No. 5, Articles 234, 237, 239, No. 6, Article 326, No. 8, Article 463, No. 12, Article 692; 2003, No. 1, Articles 3, 13, 23, No. 4, Articles 177, 178, No. 5, Article 228, No. 6, Articles 257, 276, 279, No. 8, Articles 407, 425, No. 12, I book, Articles 676, 696, II book, Articles 713, 714; 2004, No. 1, Articles 6, 7, 10, 13, No. 4, Articles 200, 201, 204, No. 5, Articles 313, 314, 317, 321, No. 6, Article 397, No. 8, Articles 596, 597, No. 10, Articles 762, 779, No. 11, Article 900, No. 12, Article 973; 2005, No. 1, Articles 5, 6, No. 2, Article 61, No. 4, Articles 272, 273, 275, 278, No. 6, Articles 462, 466, No. 7, Article 576, No. 8, Articles 691, 692, No. 10, Articles 875, 877, 904, No. 11, Articles 993, 994, 995, No. 12, Articles 1083, 1085; 2006, No. 2, Articles 64, 68, No. 3, Articles 219, 220, 223, 225, No. 5, Article 385, No. 6, Article 478, No. 11, Articles 923, 924, 932, No. 12, Articles 1005, 1020, 1024; 2007, No. 1, Articles 3, 4, No. 2, Articles 65, 68, No. 5, Articles 397, 398, 401, 440, No. 6, Articles 560, 561, 562, 579, No. 8, Article 757, No. 10, Articles 935, 936, 938, 940, No. 11, Articles 1048, 1049, 1053, 1070, 1077, 1080, 1089, 1091, No. 12, Articles 1195, 1211, 1217, 1218, 1221; 2008, No. 2, Article 47, No. 3, Articles 146, 152, 159, No. 4, Article 249, No. 5, Article 340, No. 6, Articles 454, 460, 461, 464, No. 7, Articles 601, 602, 605, No. 8, Articles 699, 701, No. 10, Articles 884, 885, No. 11, Articles 956, 957, No. 12, Articles 1045, 1047, 1049; 2009, No. 2, Articles 36, 45, 49, 52, 53, No. 5, Articles 309, 315, No. 6, Articles 404, 405, No. 7, Articles 517, 518, 519, No. 8, Article 611, No. 11, Article 878, No. 12, Article 953, 954, 966, 971; 2010, No. 2, Articles 70, 71, No. 3, Articles 167, 171, 178, No. 4, Articles 275, 276, No. 5, Articles 379, 380, No. 6, Article 483, No. 7, Articles 577, 591, 594, 595, 598, 600, No. 10, Article 838, No. 11, Articles 936, 938, 949; No. 12, Article 1059; 2011, No. 2, Articles 70, 71, No. 3, Articles 162, 164, 167, 168, 170, No. 4, Articles 246, 254, No. 6, Articles 470, 479, 487, No. 7, Articles 596, 614, No. 10, Article 881, No. 11, Article 981, No. 12, Articles 1094, 1095, 1099, 1103, 1106; 2012, No. 1, Article 3, No. 2, Article 50, No. 3, Article 194, No. 4, Article 271, No. 5, Article 404, No. 6, Article 499, No. 7, Articles 667, No. 9, Article 843, No. 11, Articles 1046, 1047, 1055, 1064, 1069; 2013, No. 1, of Article 12, of 13, of 23, No. 2, Article 100, No. 3, of Article 218, of 220, of 225, No. 4, of Article 354, of 361, No. 5, of Article 461, of 473, of 480, No. 6, of Article 601, of 617, of 627, of 629, No. 7, Article 777, No. 8, Article 888) to make the following changes:

1. State Article 206 in the following edition:

"Article 206. Violation of the rights of investors in the security market

Violation or illegal restriction in any form of the rights of investors in the market of valuable papers -

attracts imposing of penalty on officials in the amount of four hundred to six hundred manats, on legal entities at the rate from four thousand to six thousand manats.".

2. State Article 207 in the following edition:

"Article 207. Abuse of regulations of issue and issue of securities

Abuse of regulations of issue and release of valuable papers -

attracts the prevention of physical persons or imposing of penalty on them in the amount of two hundred to four hundred manats, the prevention of officials or imposing of penalty on them in the amount of six hundred to eight hundred manats, imposing on legal entities of penalty at the rate from three thousand to five thousand manats.".

3. State Article 208 in the following edition:

"Article 208. Abuse of regulations of implementation of professional activity in the security market

208.0. Abuse of regulations of implementation of professional activity in the security market, that is:

208.0.1. abuse of regulations of implementation of broker activities -

attracts imposing of penalty on officials in the amount of six hundred to seven hundred manats, on legal entities at the rate from three thousand to four thousand manats; 208.0.2. abuse of regulations of implementation of dealer activities -

attracts imposing of penalty on officials in the amount of six hundred to seven hundred manats, on legal entities at the rate from three thousand to four thousand manats; 208.0.3. abuse of regulations of implementation of clearing activities -

attracts imposing of penalty on officials in the amount of six hundred to seven hundred manats, on legal entities at the rate from three thousand to four thousand manats; 208.0.4. abuse of regulations of implementation of activities for maintaining the register of owners of valuable papers -

attracts imposing of penalty on officials in the amount of seven hundred to eight hundred manats, on legal entities at the rate from five thousand to six thousand manats; 208.0.5. abuse of regulations of implementation of depositary activities -

attracts imposing of penalty on officials in the amount of seven hundred to eight hundred manats, on legal entities at the rate from five thousand to six thousand manats; 208.0.6. abuse of regulations of implementation of activities for management of assets -

attracts imposing of penalty on officials in the amount of seven hundred to eight hundred manats, on legal entities at the rate from seven thousand to eight thousand manats; 208.0.7. abuse of regulations of implementation of activities of the share exchange -

attracts imposing of penalty on officials in the amount of seven hundred to eight hundred manats, on legal entities at the rate from eight thousand to nine thousand manats."

4. In the sanction of Article 209 of the word "from sixty to seventy manats" shall be replaced with words "from three hundred to four hundred manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from one thousand five hundred to two thousand manats".

5. Exclude Article 210.

6. In the sanction of Article 211 of the word "from forty five to ninety manats" shall be replaced with words "from five hundred to six hundred manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from three thousand to four thousand manats".

7. Add with Article 211-2 of the following content:

"Article 211-1. Manipulation with the prices in the security market

Manipulation with the prices in the security market -

attracts imposing of penalty on physical persons in the amount of three hundred to four hundred manats, on officials in the amount of six hundred to eight hundred manats, on legal entities at the rate from six thousand to seven thousand manats.".

8. In the sanction of Article 212 of the word "from hundred to two hundred manats" shall be replaced with words "from three hundred to four hundred manats", shall be replaced with words the words "in the amount of three hundred to five hundred manats" "from eight hundred to nine hundred manats".

9. Under Article 213:

9.1. in the name after the word "evasion" to add with words ", or provision of the distorted data", in disposition after the word "or" to add with the words "provision of the distorted data or";

9.2. in the sanction of the word "from sixty to eighty manats" shall be replaced with words "from six hundred to seven hundred manats", shall be replaced with words the words "from two hundred to three hundred manats" "from one thousand to one thousand five hundred manats".

10. Under Article 214:

10.1. in word disposition "… or the issuer or self-regulatory organization of professional participants of the security market" to replace the professional participant with the word of "participant";

10.2. in the sanction to exclude the words "the prevention of physical persons or imposing of penalty on them in the amount of fifteen to twenty manats", shall be replaced with words the words "from seventy to ninety manats" "from five hundred to six hundred manats", shall be replaced with words the words "from ninety to two hundred manats" "from two thousand to three thousand manats".

11. In the sanction of Article 215 of the word "from five to twenty five manats" shall be replaced with words "from two hundred to three hundred manats", shall be replaced with words the words "from fifty to seventy manats" "from five hundred to six hundred manats", shall be replaced with words the words "from two hundred to three hundred manats" "from one thousand to one thousand five hundred manats".

12. Under Article 216:

12.1. in word disposition "state registration … and other pledge" shall be replaced with words "state registration … and the direction of collection on the pawned item";

12.2. in the sanction of the word "from fifteen to twenty five manats" shall be replaced with words "from two hundred to three hundred manats", shall be replaced with words the words "from twenty five to forty manats" "from five hundred to six hundred manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from one thousand to one thousand five hundred manats".

13. In the sanction of Article 217 of the word "from forty five to sixty manats" shall be replaced with words "from eight hundred to nine hundred manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from two thousand to three thousand manats".

14. In the sanction of Article 219 of the word "from fifty to seventy manats" shall be replaced with words "from three hundred to five hundred manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from three thousand to four thousand manats".

15. In the sanction of Article 220 of the word "from seventy to ninety manats" shall be replaced with words "from six hundred to seven hundred manats", shall be replaced with words the words "from two hundred to two hundred fifty manats" "from three thousand to four thousand manats".

16. Under Article 221-1:

16.1. in Article 221-1.0.1 disposition after the word it "is forbidden" to add with the words "or for carrying out which the right is not acquired";

16.2. in the sanction of Article 221-1 to add with the words "attracts imposing of penalty on physical persons in the amount of eight hundred to nine hundred manats", shall be replaced with words the words "from fifty to seventy manats" "from one thousand to two thousand manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from eight thousand to nine thousand manats".

17. Under Article 324.1:

17.1. in word disposition of "requirements (decisions) accepted by officials … within their powers" shall be replaced with words "requirements (decisions) or instructions, obligatory to execution, accepted by officials … within their powers";

17.2. in the sanction of the word "from sixty to eighty manats" shall be replaced with words "from eight hundred to nine hundred manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from three thousand to four thousand manats".

18. Under Article 324.2:

18.1. in word disposition "the professional participant …, the issuer or the self-regulating organization" shall be replaced with words "participants";

18.2. in the sanction of the word "from twenty to fifty manats" shall be replaced with words "from five hundred to six hundred manats", shall be replaced with words the words "from hundred fifty to two hundred manats" "from one thousand five hundred to two thousand manats".

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