Regulatory Alerts2024-04-08
Regulation on Attestation for Qualification Certificates in Investment Services and Fund Management
The Central Bank of the Republic of Azerbaijan mandates a standardized attestation process for individuals seeking qualification certificates to provide investment services and manage investment funds. The regulation establishes three certificate categories—Type A for securities operations, Type B for portfolio management, and Type C for consulting—and specifies automated testing with weighted scoring, exemption pathways for CFA or FRM holders, and a 79-to-169 point passing threshold. Successfully certified individuals receive indefinite qualification certificates that remain valid provided they maintain active employment with regulated financial entities and comply with revocation grounds for false information or market abuses.
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