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Electronic System for Information Disclosure (ESID)
- ESID is the centralized information system for collection, storage and dissemination of information to be disclosed under the legislation by issuers whose securities are offered to the public and admitted to trading on the a regulated market.
- ESID was developed according to the Law of the Republic of Azerbaijan on the Securities Market of the Republic of Azerbaijan and the ‘State Program on the Development of the Securities Market in the Republic of Azerbaijan in 2011-2020’ approved by the Decree of the President of the Republic of Azerbaijan No.1504 dated 16 May 2011.
- ESID is organized and managed by the Central Bank of the Republic of Azerbaijan.
- Issuers are registered in and information is submitted to ESID according to the ‘Regulations on disclosure of information by issuers in the securities market’.
Submission and dissemination of information, and access to disclosed information on ESID is free of charge.
Directions on placement and disclosure of information on the ESID
- Information placed on the ESID is maintained via the Electronic Services Portal of the Central Bank of the Republic of Azerbaijan (https://e-cbar.az/).
- Issuers should sign in to the ‘E-appeal system’ of the Electronic Services Portal to place information on the ESID.
- Issuers may sign in to the ‘E-appeal’ system with the Asan signature.
- Issuers upload information to the ‘E-appeal’ system in pdf. It is necessary to mention the ‘ESID’ on the uploaded pdf file.
- Information placed on the ESID until 16.00 on business days (except for the issuer’s annual and semiannual reports) are disclosed on the ‘ESID’ section of the official website of the Central Bank of the Republic of Azerbaijan (https://www.cbar.az/meas) on the same day, the information placed after 16.00 – on the following business day.
Aims of ESID:
- provide correct and full information dissemination to investors and other participants of the securities market;
- centralized storage of disclosed information;
- increase efficiency of information in relations with to investors;
- possibility to receive information from a single source and free of charge;
- maintain effective control supervision over information disclosure and eliminate information asymmetry.
