Unofficial transfer (c) Soyuzpravoinform LLC
of January 31, 2024 No. 06/4
About approval of "Procedure for application of specific mode of regulation"
Based on articles 22.1.17 and 50 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic" the Board of the Central bank of the Azerbaijan Republic DECIDES:
1. Approve "Procedure for application of specific mode of regulation" it (is applied).
2. Charge to Legal department to provide in 3-day time submission of this Resolution to the Ministry of Justice of the Azerbaijan Republic for entering into the State register of legal acts of the Azerbaijan Republic.
Chairman of the Central bank
Talekh Kazimov
Approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of January 31, 2024, No. 06/4
1.1. This Procedure is developed according to article 50 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic" and determines procedure for application of specific mode of regulation in the financial markets.
1.2. The purpose of application of specific mode of regulation is testing in the test mode of innovative services and products (further - innovative products) for their representation in the financial markets and in case of success of result of testing acceptance of adequate measures in the direction of enhancement of regulatory framework for their permanent presentation.
1.3. The specific mode of regulation is applied on the basis of the following principles:
1.3.1. ensuring equal participation in specific mode of regulation;
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