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LAW OF THE AZERBAIJAN REPUBLIC

of July 6, 2023 No. 943-VIQD

About modification of the Law of the Azerbaijan Republic "About deposit insurance"

Being guided by Items 10 and 27 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie DECIDES: Majlis of the Azerbaijan Republic

In the Law of the Azerbaijan Republic "About deposit insurance" (Collection of the legislation of the Azerbaijan Republic, 2007, No. 2, Article 79; 2009, No. 6, Article 400, No. 7, Article 517; 2016, No. 3, Articles 394, 421; 2017, No. 7, Article 1310; 2019, No. 1, Article 31; 2020, No. 7, article 825, No. 12 (I book), Article 1437; 2023, No. 2, Article 163; No. 4, Article 451) to make the following changes:

1. repeal Article 2.1.5-1.

2. in Article 2.1.9 of the word "supervision body behind the financial markets" shall be replaced with words "Central Bank of the Azerbaijan Republic (further - the Central bank)".

3. in Articles 2.1. 10, 4.1.9, first offer of Article 6. 3, second offers of Articles 6.7 and 7. 1, Articles 7.2. 1, 7.2.2, 10.1.9, 10.1.13, 12.2, 13.2, 14.3, 19.4, 22.3.2, 27.13, first offer of Article 28. 1, Articles 29.1 and 30.2 of the word "supervision body behind the financial markets" in the corresponding cases shall be replaced with words Central bank in the corresponding cases.

4. in Article 3.3 of the word "in the Central bank of the Azerbaijan Republic (further-the Central bank)" shall be replaced with words Central bank.

5. in Article 3.4 of the word"," in the corresponding cases to exclude supervision body behind the financial markets.

6. in Article 6.2 of the word "one representative of supervision body behind the financial markets" to exclude and to the specified Article to replace the word "one" with the word "two".

7. under Article 8:

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