Pursuant to the ‘Law of the Republic of Azerbaijan on the Securities Market’ (hereinafter – the Law), public offering or admission to trading of investment securities shall be accompanied by a prospectus or information memorandum.
The purpose of preparing these documents is to provide investors with transparent and comprehensive information to support their investment decision-making. The prospectus or information memorandum shall present, in a clear, precise, and comprehensible manner, the financial position of the issuer, the securities to be issued, and the rights and risks associated therewith.
In the event an issuer makes a decision on several issuances of securities during one calendar year (except for shares), a base prospectus can be prepared. The provisions of the Law applicable to the prospectus shall also apply to the base prospectus.
An information memorandum shall be prepared instead of a prospectus where:
Pursuant to Article 5.6 of the Law, an issuer shall be exempt from the obligation to prepare a prospectus and an information memorandum where:
Note: Where investment securities are not admitted to trading on a regulated market or their public offering is not carried out within one year from the date of approval of the prospectus or information memorandum, the prospectus or information memorandum shall be deemed null and void.
The requirements for the prospectus and information memorandum shall be governed by the Regulations on requirements for prospectus and information memorandum.
Base prospectus (sample)
200.01 KBBase prospectus (where an issuer is a bank)
192.15 KBBase prospectus (where an issuer is an international organization)
165.95 KBBase prospectus (where the Issuer is a foreign public authority)
163.23 KBProspectus (bonds-common)
200.11 KBProspectus (where the issuer is a foreign public authority)
146.01 KB