Regulatory Alerts2024-04-15
Regulation on Inspection of Activities in Financial Markets
The Central Bank of the Republic of Azerbaijan issued this regulation to standardize inspection procedures, reporting formats, and documentation requirements for supervised financial entities. It mandates comprehensive and thematic inspections covering governance, financial metrics, AML/CTF compliance, and consumer protection, with findings formalized in clearly structured reports. The framework specifies inspection planning, execution timelines, and the mandatory inclusion of binding instructions and corrective measures to ensure consistent regulatory oversight across banks, insurance participants, securities firms, and payment institutions.
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