Regulatory Alerts2021-03-19
Regulations on Archival Maintenance in the Banking System of Azerbaijan
The Central Bank of Azerbaijan issued these regulations to establish minimum retention periods and protection standards for documents generated by the central bank, commercial banks, non-bank credit institutions, and foreign branches. The rules mandate secure physical storage conditions and specific technical requirements for electronic records, while standardizing the classification, handover to office or state archives, and issuance of archival transcripts. Furthermore, the regulations define the operational procedures for expert commissions to evaluate document value, authorize permanent storage transfers, and oversee the authorized destruction of expired or damaged records.
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