(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov. 24
Trend:
In 2018, it is expected to adopt a law on regulating and supervising financial markets in Azerbaijan, Nurlan Babayev, head of Legal and Methodology Department of the Financial Market Supervisory Authority of Azerbaijan (FIMSA) said Nov. 24.
Babayev said that the FIMSA expects to submit the corresponding draft law for discussion at the autumn session of the Azerbaijani Parliament next year.
He noted that this law will make possible to create single legal framework to regulate financial markets, implement preventive measures, as well as regulate the sphere of payment systems and much more.
'In essence, this law will shape the future appearance of Azerbaijan's financial markets,' Babayev added.
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