Regulatory Alerts2021-06-04
Added · Updated
Regulations on Mortgage Collateral Register Maintenance and Audit Reporting
The State Committee for Securities of Azerbaijan issued Resolution № 28-q to regulate the maintenance of the mortgage collateral register and the reporting requirements for mortgage bond audits. The document mandates that issuers maintain an electronic and paper register of collateral assets under manager supervision, detailing specific asset information and submission protocols to the Committee. Additionally, it requires managers to submit annual audit reports verifying collateral compliance with the Civil Code, including findings on identified shortcomings and specialist qualifications.
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