Regulatory Alerts2026-06-05
Regulation on the Provision of Investment Services by Investment Companies and Banks
The Central Bank of the Republic of Azerbaijan issued Resolution № 23/1 to establish comprehensive operational requirements for investment companies and banks providing investment services. The regulation mandates dedicated structural units, qualified personnel, and standardized client order execution while enforcing best-price principles, written agreements with detailed clauses, and strict AML/CTF compliance. It further standardizes portfolio management, investment consultations, securities underwriting, and currency exchange services to ensure transparency, risk management, and consistent client protection across the securities market.
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