Electronic System for Information Disclosure (ESID)
ESID is the central information system for collection, storage and dissemination of information by issuers whose securities are admitted to trading on the regulated market.
ESID was established by “Securities Market Law” of Azerbaijan Republic and by the Decree of the President of the Republic of Azerbaijan No.1504 dated 16 May 2011 endorsing “State Program on the Development of the Securities Market of the Republic of Azerbaijan in 2011-2020″.
ESID was founded and is operating by State Committee for Securities of Azerbaijan Republic. Esid was registered by Copyright Agency of Azerbaijan Republic on 23th September 2015.
Author`s rights of MEAS belongs to State Committee for Securities of Azerbaijan Republic.
Registration of issuers and submission of information exercises by Rules of State Committee for Securities of Azerbaijan Republic No 15 dated 3 February 2016 about “Information dissemination by issuers on securities market”.
Submission and dissemination of information on ESID is free of charge.
Aims of ESID:
provide correct and full information dissemination;
central storage of information;
increase efficiency of information relations with investors;
possibility to receive information from single source and free of charge;
increase efficient supervision on information disclosure and eliminate asymmetric information dissemination.