AZƏRBAYCANDA KORONAVIRUSLA BAĞLI XƏBƏRLƏR

Credit institutions to pay membership fee to Financial Market Control Chamber

Credit institutions to pay membership fee to Financial Market Control Chamber

Economy
03 March 2016, 16:19 701
Draft law on amendments to the Law on Banks has been discussed in the joint meeting of the parliament’s Committees of Legal Policy and State-Building, Economic Policy, Industry and Entrepreneurship.

According to amendments, Azerbaijan-based banks will pay membership fee to the Financial Market Control Chamber.
 
Moreover, according to the annexes made to the Laws on "Non-Banking Credit Institutions”, "Insurance Activity”, "Securities Market”, "Investment Funds” and Postal Law, the non-banking credit institutions, national postal operator, participants of insurance market, persons licensing activity in the securities market, as well as investment fund will also pay membership fee to the Financial Market Control Chamber.  
 
The draft law was recommended to the plenary meeting of the parliament.
 
(APA)