Investments in Azerbaijan to be insured

12:49 - 11.06.2024

June 11, Fineko/ The draft amendments to the Law on Deposit Insurance concerning investment insurance of investment companies have been prepared.

ABC.AZ reports that the statement was made by Rauf Gurbanov, deputy chairman of board at investment company PASHA Capital CJSC.

"The bill is currently being discussed with the relevant parties. The proposed change relates to restoration of the assets of the clients of the investment company in the event of bankruptcy of the latter. Insurance of clients' investments as a result of the bankruptcy of the issuer of securities is not provided," he emphasized.