Regulatory Alerts2023-10-18
Regulation for Interviewing Supervisory Board and Executive Body Members of Financial Market Entities
The Central Bank of the Republic of Azerbaijan issued this regulation to standardize the interview process for supervisory board and executive body members across banks, insurance companies, securities market participants, and investment funds. Candidates must submit verified educational and professional documentation alongside a completed questionnaire before undergoing a committee assessment focused on financial market knowledge, management competence, and regulatory compliance. The framework mandates strict review timelines, establishes clear suitability criteria and voting procedures for the interview committee, and permits supervised entities to resubmit failed candidacies or appeal negative decisions to court.
Share