Tajik MPs will discuss amendments proposed to the equity market law

28/10/2015 10:37
Avaz Yuldoshev
Views: 8788

DUSHANBE, October 28, 2015, Asia-Plus -- The draft law on amendments proposed to the country’s law on equity market has been tabled to the agenda of today’s sitting of Tajikistan’s lower house (Majlisi Namoyandagon) of parliament.

Today’s sitting of the second session of the Majlisi Namoyandagon of the fifth convocation will also discuss draft laws on inspection of activities of economic entities and amendments proposed to the laws on natural monopolies and the national budget for 2015.

Parliamentarians will also discuss amendments proposed to the country’s tax code.

We will recall that the first primary equity market, Central Asian Stock Exchange (CASE), was officially launched in Tajikistan on October 12.

Central Asian Stock Exchange (CASE) is a new financial institute functioning in Tajikistan.  CASE was established in April 2015 as a unique platform for organized securities trading.  CASE has partnered with GMEX Technologies Limited (part of the GMEX Group), a leading provider of multi-asset exchange and post-trade technology through a business enabled partnership approach.  One of the main shareholders of GMEX Group is Deutsche Borse AG which is a leading stock exchange in Europe.

The main objectives of CASE include: formation of a friendly, transparent and reliable investment environment for local and foreign investors; creation of opportunities for additional investment attraction on more favorable conditions in the short- and long- terms; and provision of the advanced equipment for professional securities traders.

The CASE exchange application was granted in 2015 by the securities regulator in Tajikistan.  CASE was launched initially with securities, followed a derivatives market during 2016.  

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