Regulatory Alerts2021-02-04
Regulations on Issuing Financial Services Licenses to the National Postal Operator and Its Branches, and Prudential Regulation
The Financial Markets Supervisory Authority of Azerbaijan establishes procedures for issuing indefinite financial services licenses to the national postal operator and permits to its branches, contingent on managerial approvals and qualified personnel. The regulations mandate specific capital, liquidity, and currency position thresholds alongside automated risk management systems to ensure safe financial operations. Furthermore, the operator must submit monthly prudential reports and maintain separate financial accounting for all cash handling and investment activities.
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