BAKU, Azerbaijan, July 31. The
requirements for implementation of investment services (operations)
will be determined in Azerbaijan, Trend reports.
This is reflected in the decree “On the application of
the Law of the Republic of Azerbaijan dated July 6, 2023, “on
Amendments to the Law “On the Central Bank of the Republic of
Azerbaijan”, signed by President of the Republic of Azerbaijan
Ilham Aliyev today.
According to the decree, the Central Bank of
Azerbaijan (CBA) is recommended to approve the requirements for the
implementation of investment services (operations) within six
months and inform the president of the Republic of Azerbaijan about
it.
In addition, the CBA recommended to approve within six
months the procedure for conducting interviews with members of the
executive body and supervisory board of persons licensed in the
securities market, as well as with the heads of branches of foreign
investment companies and informing the president about it.
